2010 (12) TMI 1306

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....ssed by the ld. CIT(A) for the Assessment Year 2006-07. 2. Briefly stated facts of the case are that the assessee company is engaged in the business of manufacturing and trading in electronic products, filed return declaring total income of Rs. 10,41,04,622/- . During the course of the assessment proceeding it was interalia observed by the Assessing Officer that certain payments in respect of e....

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.... his counsel is out of station. However, after considering the factual matrix noted in the grounds of appeal, he submits that the issue may be set aside to the file of the Assessing Officer for verification. 5. On the other hand the ld. DR while relying on the order of the Assessing Officer and the ld. CIT(A) submits that he has no objection if the issue is set aside to the file of the Assessin....

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.... date of payment the amount has been paid within the grace period, as stated by him in the grounds of appeal, we are of the view that in the interest of justice the matter should go back to the file of the Assessing Officer and accordingly we set aside the orders passed by the revenue authorities on this account and send back the matter to the file of the Assessing Officer who shall decide the sam....