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| The Tax Publishers2020 TaxPub(DT) 4361 (Del-Trib) INCOME TAX ACT, 1961
Section 144
Where assessee's case was selected for scrutiny with reason that there was lower income from other sources as compared to large value fixed deposits, therefore, said reason took into its fold, scrutiny of income from other sources including receipt of interest on enhanced compensation under section 28 of Land Acquisition Act, 1894 and accordingly, AO did not step out of scope of enquiry.
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Best judgment assessment - Scope of limited scrutiny - Alleged lower income from other sources as compared to large value fixed deposits - Examination of receipt of interest on enhanced compensation under section 28 of Land Acquisition Act, 1894
Assessee's case was selected for scrutiny with reason that there was lower income from other sources as compared to large value fixed deposits. Assessee contended that AO widened scope of scrutiny assessment under CASS without seeking prior approval of higher authorities. Held: Since reason for limited scrutiny included low income from other sources as compared to large value fixed deposits, therefore, said reason took into its fold, scrutiny of income from other sources including receipt of interest on enhanced compensation under section 28 of Land Acquisition Act, 1894 and AO did not step out of scope of enquiry.
REFERRED :
FAVOUR : Against the assessee.
A.Y. : 2014-15
INCOME TAX ACT, 1961
Section 144
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