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TMI Blog2013 (11) TMI 1608X X X X Extracts X X X X X X X X Extracts X X X X ..... erified by the AO with claims in various years. Therefore, after considering the totality of the facts of the case, we are of the opinion that orders are to be set aside and restore all the issues raised in the grounds to the file of AO for fresh examination and to decide the same in accordance with law and facts, after providing reasonable opportunity of being heard to the Assessee. Assessee is directed to put-forth the necessary material/evidence if any, in support of its claims. We order accordingly. - ITA No. 920/Hyd/2011 - - - Dated:- 29-11-2013 - SHRI B. RAMAKOTAIAH, ACCOUNTANT MEMBER AND SHRI SAKTIJIT DEY, JUDICIAL MEMBER For the Petitioner : Shri P. Murali Mohan Rao For the Respondent : Shri D. Sudhakar Rao ORD ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ne. With reference to the balance, it was submitted that these are also the credits from group entities and there were transfers and mergers in various companies details of which Assessee could not furnish before the AO at the time of remand. The learned counsel also referred to the order of CIT(A) wherein in spite of furnishing confirmations in the appellate proceedings later, the CIT(A) refused to entertain the additional evidence. With reference to other issues for treating the income from house property and computation of capital gain loss, the learned counsel referred to CIT(A) s order to submit that CIT(A) dismissed grounds as there were no submissions from Assessee. It was submitted that due to some administrative problems, the detai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he further information was furnished before the CIT(A), the CIT(A) refused to entertain the same as can be seen from para 6.1 of CIT(A) s order. We are of the opinion that Assessee deserves another opportunity to explain the transactions, particularly, in the context that many of the credits pertain to earlier years. Accordingly, we are of the opinion that the issues raised in this appeal are required to be re-examined by the AO, as Assessee was not given due opportunity. With reference to rental income received but assessed under the head income from house property and also computation of short-term loss and long term loss, which even the CIT(A) found that there are mistakes vide para 10 of the impugned order, are required to be verified ..... X X X X Extracts X X X X X X X X Extracts X X X X
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