https://www.taxtmi.com/caselaws?id=774297 ITAT Hyderabad held that AO has complete jurisdiction to examine all issues during scrutiny assessment, not limited to initial selection parameters. Development charges received by assessee were treated as revenue receipts despite government restrictions on utilization. TDS claim as application of income was partly allowed, requiring verification of receipts treated as income. Loan repayment as application of income remanded for verification whether utilization was previously claimed. Set-off of brought forward deficit against current year income was allowed as Explanation 5 to section 11(1) applies prospectively from AY 2022-23. GST/Service Tax deduction claim remanded for verification of corresponding revenue receipts. en-us Fri, 23 May 2025 00:00:00 +0530 Mon, 07 Jul 2025 08:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774297 ITAT Hyderabad held that AO has complete jurisdiction to examine all issues during scrutiny assessment, not limited to initial selection parameters. Development charges received by assessee were treated as revenue receipts despite government restrictions on utilization. TDS claim as application of income was partly allowed, requiring verification of receipts treated as income. Loan repayment as application of income remanded for verification whether utilization was previously claimed. Set-off of brought forward deficit against current year income was allowed as Explanation 5 to section 11(1) applies prospectively from AY 2022-23. GST/Service Tax deduction claim remanded for verification of corresponding revenue receipts. Case-Laws Income Tax Fri, 23 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774297