https://www.taxtmi.com/caselaws?id=444698 The HC dismissed the revenue's appeal under Section 260A of the Income Tax Act, 1961, affirming the ITAT's decision for the assessment year 2015-16. The Tribunal's order, which allowed the carry forward of earlier years' losses and found the Assessing Officer exceeded his jurisdiction in a limited scrutiny assessment, was upheld. The Court agreed with the Tribunal's reliance on CBDT Instructions, confirming that the Assessing Officer's actions were beyond the scope of the directed assessment. The revenue's contention was rejected, and no substantial error in law was found, leading to the dismissal of the appeal. en-us Wed, 11 Oct 2023 00:00:00 +0530 Fri, 27 Mar 2026 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444698 The HC dismissed the revenue's appeal under Section 260A of the Income Tax Act, 1961, affirming the ITAT's decision for the assessment year 2015-16. The Tribunal's order, which allowed the carry forward of earlier years' losses and found the Assessing Officer exceeded his jurisdiction in a limited scrutiny assessment, was upheld. The Court agreed with the Tribunal's reliance on CBDT Instructions, confirming that the Assessing Officer's actions were beyond the scope of the directed assessment. The revenue's contention was rejected, and no substantial error in law was found, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444698