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2013 (9) TMI 489 - AT - Income TaxRevision u/s 263 - Capital expenditure or Revenue Expenditure - Expenditure registration of trade mark - reasons for disallowance not given - Held that:- it is obligatory on the part of the assessing officer to record reasons in the assessment order. Recording of reason would not only enable the revisional / appellate authorities to discharge their function effectively but also repose confidence in the system - there was an error in the order of the assessing officer inasmuch as that the assessing officer has not recorded his reasons for reaching a conclusion - Following decision of Commissioner of Income-tax vs Sunil Kumar Goel [2005 (1) TMI 34 - PUNJAB AND HARYANA High Court] - Decided against the assessee.
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