https://www.taxtmi.com/highlights?id=101168 Assessments made under limited scrutiny cannot travel beyond the subject identified in the notice; where the notice was confined to cash deposits, additions on the capital gains exemption claim and treatment of income as business income were invalid. A revised return, once validly filed, replaces the original return; where the Assessing Officer framed the assessment on the basis of the original return while ignoring the revised return, that assessment could not be sustained. The impugned addition was deleted and the appeal was allowed. en-us Sat, 27 Jun 2026 08:33:51 +0530 Sat, 27 Jun 2026 08:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=101168 Assessments made under limited scrutiny cannot travel beyond the subject identified in the notice; where the notice was confined to cash deposits, additions on the capital gains exemption claim and treatment of income as business income were invalid. A revised return, once validly filed, replaces the original return; where the Assessing Officer framed the assessment on the basis of the original return while ignoring the revised return, that assessment could not be sustained. The impugned addition was deleted and the appeal was allowed. Highlights Income Tax Sat, 27 Jun 2026 08:33:51 +0530 https://www.taxtmi.com/highlights?id=101168