https://www.taxtmi.com/caselaws?id=310761 ITAT Surat set aside CIT's revision order under Section 263 regarding taxability of undisclosed expenses declared during survey action. The assessee's case was selected for limited scrutiny, and AO completed assessment without variation after receiving required bank details. CIT raised issue about survey declaration of Rs. 1.24 crore undisclosed expenses, which was not subject matter of limited scrutiny. ITAT held that AO cannot go beyond reasons for limited scrutiny selection, and CIT cannot pass revisionary order on other aspects. Twin conditions of erroneous and prejudicial order under Section 263 were not met. Appeal allowed. en-us Thu, 15 Dec 2022 00:00:00 +0530 Sat, 11 Nov 2023 08:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310761 ITAT Surat set aside CIT's revision order under Section 263 regarding taxability of undisclosed expenses declared during survey action. The assessee's case was selected for limited scrutiny, and AO completed assessment without variation after receiving required bank details. CIT raised issue about survey declaration of Rs. 1.24 crore undisclosed expenses, which was not subject matter of limited scrutiny. ITAT held that AO cannot go beyond reasons for limited scrutiny selection, and CIT cannot pass revisionary order on other aspects. Twin conditions of erroneous and prejudicial order under Section 263 were not met. Appeal allowed. Case-Laws Income Tax Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310761