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TMI Blog2010 (1) TMI 863X X X X Extracts X X X X X X X X Extracts X X X X ..... manded to AO. - ITA No. 7109/Mum./08, - - - Dated:- 14-1-2010 - R.K. Gupta, B. Ramakotaiah, JJ. Prakash K. Jatwani for the Assessee Hari Govind Singh for the Revenue ORDER R.K. Gupta:- 1. This is an appeal by the assessee against the order of the CIT(A) relating to assessment year 2004-05. 2. Ground no.2 is against confirming u/s 50C of Rs. 47,54,000/- towards flat and Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ru Industries decided in ITA No.5540/Mum/2007 vide order dated 24.8.2009 and in the case of Inderlok Hotels P. Ltd. decided in ITA No.4376/Mum/2008. Copies of the orders of the Tribunal were also filed. Accordingly, it was submitted that the matter should be sent back to the file of the AO to examine the applicability of section 50. It was further submitted that if the AO find that provisions of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bts at Rs. 6,84,656/-. 5.1 It was submitted that this matter also can be sent back to the file of the AO as the similar matter is before the Hon'ble Bombay High Court for consideration. Accordingly, this matter is also restored to the file of the AO to decide the same afresh after affording reasonable opportunity of being heard to the assessee and taking into consideration the decision of the Ho ..... X X X X Extracts X X X X X X X X Extracts X X X X
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