Write-Back Relief Denied: CBDT Rejects Application, CIT(A) Decision Overturned for Contradicting Higher Authority Order.

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....Write back of sundry creditors - assessee claimed relief of write back of sundry creditors on account of sanction granted by the BIFR - The assessee made Miscellaneous Application before the CBDT which was ultimately rejected. Therefore, the CIT(A)’s action in allowing the same would be in contravention of the order passed by the higher authority u/s. 119 - AT....