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2013 (7) TMI 692 - ITAT DELHIValidity of order - Whether the CIT (A) is justified in making arbitrary disallowance on the ground of non availability of the reasons variation in the GP Ratio which had been filed alongwith the GP/ NP comparative chart – Held that:- order passed by the CIT (A) is cryptic and grossly violative of one of the facets of the rules of natural justice - every judicial/ quasi-judicial body/ authority must pass a well reasoned order which should reflect the application of mind by the concerned authority - section 250(6) also mandates that the order shall state the points for determining the decision and the reasons for the decision – Vodafone Essar Ltd. Vs. DRP(2011 (12) TMI 22 - Delhi High Court) held it is obligatory on its part of the quasi- judicial body to ascribe cogent and germane reasons as the same is the heart and soul of the matter - a decision does not mean merely a conclusion but it embraces within its fold the reasons forming basis for the conclusion - set aside the order of the CIT (A) and to restore the matter for deciding the issues/ grounds raised by the assessee before it – appeal decided in favour of assessee.
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