Tribunal has held that when the assessment is taken up for limited scrutiny, Ld. CIT erred in assuming jurisdiction u/s 263 of the Act and also erred in holding that assessment order is erroneous and prejudicial to the interest of revenue.
AO has examined these issues and framed the assessments and the issue of examination of payment to contractors was not a part of the limited scrutiny reasons, in our considered view, Ld. Since the assessee’s case was selected for limited scrutiny on certain issues and Ld. AO has to work within the parameters observed by the Central Board of Direct Taxes instruction dated and various other circular issued in this behalf. It is well settled that in case of limited scrutiny matter Ld.
AO to examine this issue for payment to contractors. The issue of payment to contractors and tax deducted thereon was never a part of reasons for the limited Therefore, there was no occasion for the Ld. Perusal of records shows that assessee’s case was selected for limited scrutiny through CASS for verification of “contract receipts/fees mismatch, sales turnover mismatch and tax credit mismatch”. Sahita Construction Company Vs Pr.CIT (ITAT Indore)
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