https://www.taxtmi.com/caselaws?id=449309 The ITAT Chennai quashed a revision order under section 263 where PCIT attempted to enlarge the scope of limited scrutiny. The assessee's return was selected for limited scrutiny specifically for verification of duty drawback, unsecured loans disallowance under section 40A(7), and gratuity provision. PCIT observed that provision for bad and doubtful debts was not added back while computing total income. However, ITAT held that since AO had already examined the case for matters under limited scrutiny, PCIT cannot expand the scope beyond the original parameters. Following the Padmavathi HC precedent, the revision order was quashed and assessee's appeal was allowed. en-us Wed, 07 Feb 2024 00:00:00 +0530 Fri, 09 Feb 2024 07:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449309 The ITAT Chennai quashed a revision order under section 263 where PCIT attempted to enlarge the scope of limited scrutiny. The assessee's return was selected for limited scrutiny specifically for verification of duty drawback, unsecured loans disallowance under section 40A(7), and gratuity provision. PCIT observed that provision for bad and doubtful debts was not added back while computing total income. However, ITAT held that since AO had already examined the case for matters under limited scrutiny, PCIT cannot expand the scope beyond the original parameters. Following the Padmavathi HC precedent, the revision order was quashed and assessee's appeal was allowed. Case-Laws Income Tax Wed, 07 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449309