https://www.taxtmi.com/caselaws?id=422258 The Tribunal ruled in favor of the assessee, partially allowing the appeal. It held that the CIT(A) exceeded authority by introducing new issues not part of the original assessment order. The enhancement of income on these new issues was quashed, emphasizing that the power of enhancement should be limited to issues considered by the AO and should not extend to new sources of income. The Tribunal found that the CIT(A) could not introduce new sources of income while enhancing the assessment, leading to the dismissal of the enhancements related to deemed dividend and interest diversion. en-us Fri, 06 May 2022 00:00:00 +0530 Wed, 11 May 2022 22:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422258 The Tribunal ruled in favor of the assessee, partially allowing the appeal. It held that the CIT(A) exceeded authority by introducing new issues not part of the original assessment order. The enhancement of income on these new issues was quashed, emphasizing that the power of enhancement should be limited to issues considered by the AO and should not extend to new sources of income. The Tribunal found that the CIT(A) could not introduce new sources of income while enhancing the assessment, leading to the dismissal of the enhancements related to deemed dividend and interest diversion. Case-Laws Income Tax Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422258