https://www.taxtmi.com/caselaws?id=444788 ITAT Mumbai ruled that PCIT lacked jurisdiction to invoke section 263 revision powers against an assessment order passed in limited scrutiny proceedings. The case involved CIT challenging business expenditure allowability, claiming the assessment was erroneous and prejudicial to revenue. The tribunal held that since the assessee's case was selected for limited scrutiny on specific issues, the AO could not conduct roving enquiry beyond the prescribed scope. Revenue failed to establish that the disputed expenditure was within the AO's examination scope during limited scrutiny proceedings. The assessment order was not considered erroneous as it remained within authorized parameters. Assessee's grounds were allowed. en-us Wed, 23 Aug 2023 00:00:00 +0530 Mon, 23 Oct 2023 08:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444788 ITAT Mumbai ruled that PCIT lacked jurisdiction to invoke section 263 revision powers against an assessment order passed in limited scrutiny proceedings. The case involved CIT challenging business expenditure allowability, claiming the assessment was erroneous and prejudicial to revenue. The tribunal held that since the assessee's case was selected for limited scrutiny on specific issues, the AO could not conduct roving enquiry beyond the prescribed scope. Revenue failed to establish that the disputed expenditure was within the AO's examination scope during limited scrutiny proceedings. The assessment order was not considered erroneous as it remained within authorized parameters. Assessee's grounds were allowed. Case-Laws Income Tax Wed, 23 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444788