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22 Principal CIT vs. Weilburger Coatings (India) Pvt. Ltd.
[2024] 463 ITR 89 (Cal):
A.Y. 2015–16
Date of order: 11th October, 2023
Ss. 143(2) and 143(3) of ITA 1961
Assessment — Limited scrutiny — Jurisdiction of AO — CBDT instruction — Conditions mandatory — AO cannot traverse beyond issues in limited scrutiny — Inquiries on new issue without complying with mandatory conditions not permissible.
The return of the assessee for the A.Y. 2015–16 was selected for limited scrutiny. The assessee was issued notice u/s. 143(2) of the Income-tax Act, 1961 in respect of the disallowance of carry forward of losses of earlier years. The assessee participated in the proceedings and thereafter, the assessment was completed u/s. 143(3) of the Act.
The Commiss
