https://www.taxtmi.com/caselaws?id=445514 ITAT Bangalore held that AO exceeded jurisdiction by making additions beyond limited scrutiny scope under CASS. The court ruled that limited scrutiny must be confined to selected reasons and cannot be expanded without formal conversion to complete scrutiny. AO's disallowance of section 54F deduction was ordered deleted as it fell outside the limited scrutiny parameters for verifying cash deposits. However, regarding unexplained cash deposits of Rs. 41,19,500 under section 69A read with 115BBE, the matter was remanded to AO for proper verification after assessee failed to provide adequate documentation supporting business receipt claims. en-us Tue, 25 Jul 2023 00:00:00 +0530 Thu, 09 Nov 2023 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445514 ITAT Bangalore held that AO exceeded jurisdiction by making additions beyond limited scrutiny scope under CASS. The court ruled that limited scrutiny must be confined to selected reasons and cannot be expanded without formal conversion to complete scrutiny. AO's disallowance of section 54F deduction was ordered deleted as it fell outside the limited scrutiny parameters for verifying cash deposits. However, regarding unexplained cash deposits of Rs. 41,19,500 under section 69A read with 115BBE, the matter was remanded to AO for proper verification after assessee failed to provide adequate documentation supporting business receipt claims. Case-Laws Income Tax Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445514