https://www.taxtmi.com/caselaws?id=775773 ITAT RAJKOT held that the AO exceeded jurisdiction by denying deduction u/s 54F during a limited scrutiny assessment without converting it into a full scrutiny with proper approval. The AO's rejection of the exemption was beyond the scope of the limited scrutiny notice and violated statutory provisions and CBDT circulars. Since no disallowance under other sections or additions on sale consideration were made, the AO's action was set aside. The appeal by the assessee was allowed, affirming that the AO cannot expand the scope of limited scrutiny assessment unilaterally. en-us Mon, 30 Jun 2025 00:00:00 +0530 Thu, 31 Jul 2025 08:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775773 ITAT RAJKOT held that the AO exceeded jurisdiction by denying deduction u/s 54F during a limited scrutiny assessment without converting it into a full scrutiny with proper approval. The AO's rejection of the exemption was beyond the scope of the limited scrutiny notice and violated statutory provisions and CBDT circulars. Since no disallowance under other sections or additions on sale consideration were made, the AO's action was set aside. The appeal by the assessee was allowed, affirming that the AO cannot expand the scope of limited scrutiny assessment unilaterally. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775773