2010 (12) TMI 1278

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....Shri C.D.Rao, A.M. These two appeals are preferred by the Revenue against the orders of the C.I.T.(A)-XXXIII, Kolkata both dated 30.10.2009 for the assessment years 2002-03 and 2003-04 respectively. 2. In both these appeals, the Revenue has taken the grounds which read as under: Assessment Year 2002-03  "1. On the facts and in the circumstances of the case Ld. CIT(A) erred in allo....

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....of the I.T.Act. 2. On the facts and in the circumstances of the case and also in the question of law, Ld. CIT(A) erred in allowing accumulation u/s.11(2) of the I.T.Act without appreciating the facts that purpose of accumulation was not specific." 3. After hearing the rival submissions and on careful perusal of the materials available on record, it is observed that the issues in the appeals ....