2020 (4) TMI 405

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.... Sr. DR ORDER PER SUCHITRA KAMBLE, JM This appeal is filed by the assessee against the order dated 28/12/2018 passed by CIT(A)-2 New Delhi for Assessment Year 2015-16. 2. The grounds of appeal are as under:- 1. "That on the facts of the case and under the law, the Id. CIT(A) ought to had deleted the entire addition/disallowance of Rs. 33,03,808/- made u/s 14A read with Rule 8D....

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....ives) in a recognized stock exchange (STT code 5) (iii) Large Value of sale of share or unit which is settled otherwise than by the actual delivery or transfer (iv) Mismatch in sales turnover reported in Audit report and ITR (v) Low net profit or loss shown from large gross receipt (vi) Large squared up loans during the year (form 3CD) (vii) Large Value....

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....e was not at all mentioned in the said scrutiny. Therefore, the assessment itself is beyond the scope of scrutiny and hence void ab initio. 6. The Ld. DR relied upon the assessment order and the order of the CIT(A). 7. We have heard both the parties and perused the material available on record. It is an undisputed fact that the reason for which the case was picked up for limited scrutiny rel....