https://www.taxtmi.com/caselaws?id=449003 ITAT Raipur upheld the validity of limited scrutiny assessment under section 143(3), ruling that the AO did not exceed jurisdiction when examining contract receipts beyond the initial scope after discovering additional income sources through the assessee's submissions. However, the tribunal deleted additions for undisclosed profit from contract work and transport income, finding the AO's assumptions lacked concrete evidence and were based on conflicting presumptions regarding turnover calculations and deemed profit inclusions under sections 44AD and 44AE. en-us Wed, 31 Jan 2024 00:00:00 +0530 Sat, 03 Feb 2024 08:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449003 ITAT Raipur upheld the validity of limited scrutiny assessment under section 143(3), ruling that the AO did not exceed jurisdiction when examining contract receipts beyond the initial scope after discovering additional income sources through the assessee's submissions. However, the tribunal deleted additions for undisclosed profit from contract work and transport income, finding the AO's assumptions lacked concrete evidence and were based on conflicting presumptions regarding turnover calculations and deemed profit inclusions under sections 44AD and 44AE. Case-Laws Income Tax Wed, 31 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449003