https://www.taxtmi.com/caselaws?id=438702 The Tribunal ruled in favor of the assessee, holding that the Assessing Officer exceeded jurisdiction by disallowing expenses beyond the limited scrutiny issue, leading to the deletion of the addition. The Tribunal emphasized the need to treat individual professional activity and firm business separately, and found the AO's actions to be beyond the approved scope of assessment. Consequently, the charges under sections 234B & 234C were upheld, as the appellant failed to demonstrate any circumstances warranting an appeal against the interest charges. en-us Wed, 31 May 2023 00:00:00 +0530 Wed, 07 Jun 2023 08:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438702 The Tribunal ruled in favor of the assessee, holding that the Assessing Officer exceeded jurisdiction by disallowing expenses beyond the limited scrutiny issue, leading to the deletion of the addition. The Tribunal emphasized the need to treat individual professional activity and firm business separately, and found the AO's actions to be beyond the approved scope of assessment. Consequently, the charges under sections 234B & 234C were upheld, as the appellant failed to demonstrate any circumstances warranting an appeal against the interest charges. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438702