Allowing the appeal of the assessee the Court held that, when the CIT(A) allowed the claim of expenditure and depreciation after verification of merits the Tribunal was not right in in law reversing the said conclusion without examination- Masterminded. Liberty is granted to the assessee to bring the issue of reassessment after disposal of appeal by the Appellate Tribunal. (AY. 2006 -07)
Shirpur Gold Refinery Ltd. v. Dy.CIT (2019) 262 Taxman 390 (Bom.)(HC)
S. 254(1) : Appellate Tribunal–Duties–Non speaking orders- The CIT(A) allowed the claim of expenditure and depreciation after verification of merits- Tribunal was not right in in law reversing the said conclusion without examination-Masterminded–Liberty is granted to the assessee to bring the issue of reassessment after disposal of appeal by the Appellate Tribunal. [S. 260A]