https://www.taxtmi.com/caselaws?id=758052 CBDT scrutiny guidelines are administrative in nature and cannot override the Assessing Officer's statutory powers under the Income-tax Act, 1961; participation by the assessee without timely objection also weakens a jurisdictional challenge. The commentary further notes that additions relating to investment in fixed assets will be sustained where the increase in plant and machinery is unexplained on the record and the concurrent factual findings are unsupported by evidence. In a Section 260A appeal, such fact-based findings do not give rise to a substantial question of law absent perversity. en-us Sat, 31 Aug 2024 00:00:00 +0530 Thu, 06 Feb 2025 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758052 CBDT scrutiny guidelines are administrative in nature and cannot override the Assessing Officer's statutory powers under the Income-tax Act, 1961; participation by the assessee without timely objection also weakens a jurisdictional challenge. The commentary further notes that additions relating to investment in fixed assets will be sustained where the increase in plant and machinery is unexplained on the record and the concurrent factual findings are unsupported by evidence. In a Section 260A appeal, such fact-based findings do not give rise to a substantial question of law absent perversity. Case-Laws Income Tax Sat, 31 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758052