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2014 (4) TMI 468 - AT - Income TaxBenefit u/s 92C(2) - CIT(A) gave benefit of safe-harbour of 5% under 2nd proviso to Section 92C(2) – Held that:- Ld. DR has no objection to restore matter to CIT(A) to decide same afresh on merits by a speaking order - Set aside impugned order of CIT(A) and restore matter to file of CIT(A) with direction to decide issue/grounds of appeal taken by assessee on merits by reasoned order after giving due opportunity of hearing to parties as per law - Hence, Grounds of appeal taken by Revenue as well as by assessee in cross-objection are allowed – Decided partly in favour of Revenue.
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