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2015 (10) TMI 322 - PUNJAB & HARYANA HIGH COURTDisallowance of interest on borrowed capital - ITAT sustained addition - Held that:- In the present case, we find that the assessee, with reference to illustrations as reproduced in the earlier part, had been able to demonstrate that the Tribunal had verbatim copied the order of CIT(A) at different places without even difference of punctuation by showing it to be an order passed by it. Thus, it cannot be said that there has been independent application of mind as the Tribunal being final fact finding authority was required to discuss the evidence before arriving at the conclusions. The order passed by the Tribunal is violative of principles of natural justice and does not satisfy the requirements of a reasoned order. Consequently, the substantial questions of law are answered accordingly. The impugned order passed by the Tribunal dated 20.3.2014, Annexure A.7 is set aside and the matter is remanded back to the Tribunal to decide it afresh after hearing learned counsel for the parties in accordance with law.
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