https://www.taxtmi.com/caselaws?id=450181 ITAT Delhi dismissed revenue's appeal regarding addition of advance fees and deposits from students. AO attempted to convert limited scrutiny into complete scrutiny without obtaining required prior permission from competent authority, exceeding jurisdictional limits. CIT(A) correctly quashed additions as assessee consistently followed same accounting treatment accepted by revenue in earlier years including AY 2015-16 under section 143(3). Issue was revenue neutral since advance fees received beyond financial year were properly offered as income in succeeding year. No factual changes existed compared to previous years where treatment was accepted. en-us Fri, 23 Feb 2024 00:00:00 +0530 Wed, 28 Feb 2024 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450181 ITAT Delhi dismissed revenue's appeal regarding addition of advance fees and deposits from students. AO attempted to convert limited scrutiny into complete scrutiny without obtaining required prior permission from competent authority, exceeding jurisdictional limits. CIT(A) correctly quashed additions as assessee consistently followed same accounting treatment accepted by revenue in earlier years including AY 2015-16 under section 143(3). Issue was revenue neutral since advance fees received beyond financial year were properly offered as income in succeeding year. No factual changes existed compared to previous years where treatment was accepted. Case-Laws Income Tax Fri, 23 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450181