Limites scrutiny assessments
This query is : Resolved
Shivali Khandelwal
(Querist)
02 June 2017
In the assessment order, the AO has made additions beyond the reasons mentioned therein for which the case was selected for limited scrutiny. Is it valid?
CA R SEETHARAMAN
(Expert)
02 June 2017
It is valid provided. During the course of assessment proceedings in 'limited Scrutiny' cases, if it comes to the notice of the Assessing Officer that there is potential escapement of income exceeding Rs. five lakhs (for metro charges, the monetary limit shall be Rs. ten lakhs) requiring substantial verification on any other issue(s), then, the case may be taken up for 'Complete Scrutiny' with the approval of the Pr. CIT/CIT concerned. However, such an approval shall be accorded by the Pr. CIT/CIT in writing after being satisfied about merits of the issue(s) necessitating 'Complete Scrutiny' in that particular case.
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