2012 (1) TMI 317

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....ssee : Rajesh P. Shah For the Revenue : P. K. B. Menon ORDER Vijay Pal Rao (Judicial Member) This appeal by the revenue is directed against the order dated 18.2.2009 of the CIT(A) for the Assessment Year 2005-06. 2 The revenue has raised the only effective ground is as under: "On the facts and in the circumstances of the case and in law, the ld CIT(A) erred in allowing inte....

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....he material on record, we see no reasons to disturb well reasoned conclusions arrived at by the CIT(A) - particularly as learned Departmental Representative did riot really dispute factual elements embedded in the conclusions arrived at by the CIT (A) with regard to the business expediency of the assessee. We have also taken note of learned Counsel's argument that assessee's stand to the effect th....