Held that assessment was selected assessee’s case only for scrutinizing cash deposits made during the demonetization period and ultimately made no addition towards the said cash deposits, the AO exceeded his powers in making the assessment by making other additions, without following procedure lad down by CBDT Instruction No. 5 of 2016, and therefore, the impugned assessment order is not sustainable. (AY. 2017-18)
Srimanta Kumar Shit v. ACIT (2024) 232 TTJ 925 / 38 NYPTTJ 1444 (Kol)(Trib)
S. 143(3): Assessment-Limited scrutiny-Conversion of limited scrutiny into complete scrutiny without prior approval-CBDT Instruction No. 5 of 2016-Assessment is bad in law. [S. 143(2)]
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