Allowing the appeal of the revenue the Court held that, the Tribunal has reversed the finding of the Assessing Officer without recording reasons and also not decided the cross appeal filed by the department. Accordingly the matter remanded to Tribunal for fresh adjudication. (AY. 2005 -06, 2006 -07)
PCIT v. Montage Enterprises Pvt. Ltd. (2018) 409 ITR 185 / 305 CTR 444/ 171 DTR 70 (Delhi)(HC)
S. 254(1) : Appellate Tribunal–Duties-Reversal of findings of fact of Assessing Officer by Tribunal without recording reasons and also not deciding the cross appeal filed by the department- Matter remanded to Tribunal for fresh adjudication. [S. 80IB]