https://www.taxtmi.com/highlights?id=88664 ITAT Order: Procedural Violation in Limited Scrutiny Assessment The ITAT held that the Assessing Officer (AO) exceeded jurisdictional limits by expanding the scope of 'limited scrutiny' without following mandatory procedural requirements. The AO improperly investigated issues beyond the specified limited scrutiny parameters, disallowed capital loss, and determined business loss without obtaining prior approval. Furthermore, the AO violated Section 144C by failing to issue a draft assessment order to the non-resident assessee before passing the final order. Consequently, the assessment order was deemed null and void due to jurisdictional defects and statutory non-compliance. The assessee's appeal was allowed, effectively invalidating the assessment proceedings. en-us Fri, 23 May 2025 08:46:12 +0530 Fri, 23 May 2025 08:46:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88664 ITAT Order: Procedural Violation in Limited Scrutiny Assessment The ITAT held that the Assessing Officer (AO) exceeded jurisdictional limits by expanding the scope of 'limited scrutiny' without following mandatory procedural requirements. The AO improperly investigated issues beyond the specified limited scrutiny parameters, disallowed capital loss, and determined business loss without obtaining prior approval. Furthermore, the AO violated Section 144C by failing to issue a draft assessment order to the non-resident assessee before passing the final order. Consequently, the assessment order was deemed null and void due to jurisdictional defects and statutory non-compliance. The assessee's appeal was allowed, effectively invalidating the assessment proceedings. Highlights Income Tax Fri, 23 May 2025 08:46:12 +0530 https://www.taxtmi.com/highlights?id=88664