Held that the Assessing Officer had travelled beyond his jurisdiction and made additions on issues which were not part of reasons for limited scrutiny, same was to be set aside. Held that since assessee itself had disallowed large expenses claimed in shape of loss on share warrants and added back to total income computed under head Income from Business or Profession scope of Assessing Officer in limited scrutiny would end. Disallowance of expenses are deleted (AY. 2015-16)
Dahila Infrastructure (P.) Ltd. v. DCIT (2025) 212 ITD 184 (Delhi) (Trib.)
S. 143(3) :Assessment-limited scrutiny-Disallowance of expenditure-Exempt income-Suo moto disallowed the expenditure-Not part of reasons for limited scrutiny-Capital gains-Short term loss-Suo moto disallowed the expenditure-Disallowance made by the Assessing Officer is deleted. [S. 14A, 28(i), 45, 143(3), R. 8D]
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