https://www.taxtmi.com/caselaws?id=761984 The ITAT Kolkata quashed an assessment order where the AO exceeded jurisdiction by converting limited scrutiny into full scrutiny without following proper procedure. The case was originally selected for limited scrutiny to verify cash deposits during demonetization. Despite the notice indicating limited scrutiny for cash deposits, the AO attempted to conduct full scrutiny without adhering to CBDT Instruction No. 5 of 2016, which prescribes the procedure for converting limited scrutiny to full scrutiny. Since no additions were made regarding cash deposits and the AO exceeded limited powers, the assessment order was deemed unsustainable. The assessee's appeal was allowed. en-us Tue, 19 Nov 2024 00:00:00 +0530 Thu, 21 Nov 2024 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761984 The ITAT Kolkata quashed an assessment order where the AO exceeded jurisdiction by converting limited scrutiny into full scrutiny without following proper procedure. The case was originally selected for limited scrutiny to verify cash deposits during demonetization. Despite the notice indicating limited scrutiny for cash deposits, the AO attempted to conduct full scrutiny without adhering to CBDT Instruction No. 5 of 2016, which prescribes the procedure for converting limited scrutiny to full scrutiny. Since no additions were made regarding cash deposits and the AO exceeded limited powers, the assessment order was deemed unsustainable. The assessee's appeal was allowed. Case-Laws Income Tax Tue, 19 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761984