https://www.taxtmi.com/caselaws?id=449000 ITAT Kolkata held that AO exceeded jurisdiction by expanding limited scrutiny beyond its approved scope. Case was selected for limited scrutiny regarding unsecured loans from non-filers, but AO additionally disallowed scientific research expenditure u/s 35(1)(ii) and made disallowance u/s 14A without prior permission from competent authority to enlarge scrutiny scope. These issues were unconnected to unsecured loans matter. Regarding u/s 68 addition for unexplained unsecured loans, assessee successfully discharged primary onus by providing sufficient evidence proving identity, creditworthiness of creditors and genuineness of transactions. Revenue appeal dismissed. en-us Wed, 31 Jan 2024 00:00:00 +0530 Sat, 03 Feb 2024 08:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449000 ITAT Kolkata held that AO exceeded jurisdiction by expanding limited scrutiny beyond its approved scope. Case was selected for limited scrutiny regarding unsecured loans from non-filers, but AO additionally disallowed scientific research expenditure u/s 35(1)(ii) and made disallowance u/s 14A without prior permission from competent authority to enlarge scrutiny scope. These issues were unconnected to unsecured loans matter. Regarding u/s 68 addition for unexplained unsecured loans, assessee successfully discharged primary onus by providing sufficient evidence proving identity, creditworthiness of creditors and genuineness of transactions. Revenue appeal dismissed. Case-Laws Income Tax Wed, 31 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449000