https://www.taxtmi.com/caselaws?id=447444 ITAT Visakhapatnam allowed the appeal, deleting additions made under sections 43B and 69A. The tribunal held that the assessee had serviced interest payments to Bank of Baroda as evidenced by bank statements and certificate. Regarding section 69A addition for cash deposits, the tribunal ruled that the AO exceeded jurisdiction by making additions beyond the scope of limited scrutiny without converting it to complete scrutiny with proper approval from Pr. CIT/CIT, rendering the addition invalid. en-us Fri, 22 Dec 2023 00:00:00 +0530 Tue, 26 Dec 2023 08:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447444 ITAT Visakhapatnam allowed the appeal, deleting additions made under sections 43B and 69A. The tribunal held that the assessee had serviced interest payments to Bank of Baroda as evidenced by bank statements and certificate. Regarding section 69A addition for cash deposits, the tribunal ruled that the AO exceeded jurisdiction by making additions beyond the scope of limited scrutiny without converting it to complete scrutiny with proper approval from Pr. CIT/CIT, rendering the addition invalid. Case-Laws Income Tax Fri, 22 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447444