2013 (10) TMI 116

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..... portunity to the assessee to explain the expenditure incurred by him for the previous assessing year - The matter is remanded to the Assessing Officer for fresh consideration in accordance with law. - ITA No.1048/2008 - - - Dated:- 28-8-2013 - K L Manjunath And S N Satyarayana, JJ. For the Appellant : Sri Y V Raviraj, Adv. For the Respondent : Sri S Parthasarathi, Adv. JUDGEMENT:- .....

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..... peal came to be allowed. Therefore, the present appeal is filed. 5. The appeal was admitted on 22/10/2009 to consider the following substantial question of law: Whether the finding of the Tribunal in deleting the addition made by the Assessing Officer as unexplained investment in respect of previous year expenses, differences in cost of building and interest is perverse and arbitrary being .....

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..... ortunity to the assessee to explain the expenditure incurred by him for the previous assessing year. Therefore, we are of the opinion that for answering the question of law framed herein, the matter requires to be reconsidered by the Assessing Officer afresh as stated supra. In the circumstances, the appeal is allowed. The order passed by the Assessing Officer which has been affirmed by the Comm .....

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