2013 (3) TMI 791

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....r of CIT(A) 41, Mumbai, dated 29.11.2010, where the following grounds have been raised by the assessee: Ground no.: 1 On the facts and in the circumstances of the case and in law, the Hon'ble CIT(A) erred in directing the Assessing Officer to re-compute the disallowance u/s 14A. The appellant prays that the action of the Hon'ble CIT(A) in directing the AO to recalculate the expen....

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....ssor for AY 2006-07 in respect of additions u/s 145A. The Hon'ble CIT(A) failed to make congnizance of the fact that adjustments u/s 145A were already made by the appellant and therefore CIT(A) ought to have allowed the claim of the appellant." 2. At the time of hearing, the case was called for hearing, but there was no attendance and the case was passed over. At the close of the Bench, the cas....

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....nt with the relevant facts and circumstances. 5. Since the issue is restored to the file of the AO for recomputation in the preceding two years, in our considered opinion, the issue in the current year also be restored to the AO, who shall compute the disallowance on a consistent manner in the current year, as computed in the preceding year. 6. The order of the CIT(A), is therefore set aside....

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....on moulds at 30% as claimed by it. The ground, is, therefore, allowed. 12. Ground no. 3 pertains to application of section 145A of the Income Tax Act. 13. We find that in the preceding year, the coordinate Bench in the assessee's own case has restored the issue to the file of the AO. 14. Since the issue pertains to consistency to be followed in the calculation of closing stocks in inclusi....