https://www.taxtmi.com/caselaws?id=443117 The Tribunal set aside the Principal Commissioner of Income-Tax's order directing a fresh assessment, finding the Assessing Officer's decision not to disallow expenses under Section 14A correct. The Tribunal also upheld the limited scrutiny scope, ruling that the AO acted within its bounds by not examining the depreciation on goodwill claim. The Tribunal dismissed the PCIT's argument that the AO should have expanded the scrutiny scope, ultimately allowing the assessee's appeal on both issues. en-us Wed, 26 Jul 2023 00:00:00 +0530 Sat, 16 Sep 2023 08:47:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443117 The Tribunal set aside the Principal Commissioner of Income-Tax's order directing a fresh assessment, finding the Assessing Officer's decision not to disallow expenses under Section 14A correct. The Tribunal also upheld the limited scrutiny scope, ruling that the AO acted within its bounds by not examining the depreciation on goodwill claim. The Tribunal dismissed the PCIT's argument that the AO should have expanded the scrutiny scope, ultimately allowing the assessee's appeal on both issues. Case-Laws Income Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443117