https://www.taxtmi.com/caselaws?id=430042 The Tribunal quashed the Principal Commissioner of Income Tax's order under Section 263, holding that the Assessment Officer's assessment order was not erroneous or prejudicial to the interest of the Revenue. The appeal by the assessee was allowed, and the PCIT's order was set aside. The Tribunal emphasized that in cases of limited scrutiny, the AO is confined to specified issues and cannot be faulted for not examining matters beyond the limited scope. en-us Tue, 18 Oct 2022 00:00:00 +0530 Thu, 10 Nov 2022 09:06:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430042 The Tribunal quashed the Principal Commissioner of Income Tax's order under Section 263, holding that the Assessment Officer's assessment order was not erroneous or prejudicial to the interest of the Revenue. The appeal by the assessee was allowed, and the PCIT's order was set aside. The Tribunal emphasized that in cases of limited scrutiny, the AO is confined to specified issues and cannot be faulted for not examining matters beyond the limited scope. Case-Laws Income Tax Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430042