Held that the Assessing Officer had not reproduced in full the statement recorded under section 131 of the Act in his assessment order. The basis for disallowing the claim of the assessee had to be confronted to the assessee. But he had not done so. Accordingly the payment is allowable as deduction (AY.2013-14)
Meridian Telesoft Ltd. v. Asst. CIT (2023)108 ITR 37 (SN)(Ahd) (Trib)
S. 48 : Capital gains-Mode of Computation-Cost of improvement-Payment to sub-contractor-Not given opportunity to cross-examine sub-contractor-Payment is allowable as deduction. [S. 45, 131]