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2014 (1) TMI 1135 - AT - Income TaxOrder of CIT(A) passed in violation of principles of natural justice - Held that:- The assessee has produced voluminous evidences - The assessee has also given the reasons for non- furnishing of these documents which was mainly due to the fact that the assessee company was running into heavy losses and was not in the commercial operation - These evidences ought to have been considered by the learned Commissioner (Appeals) in the interest of substantial justice - A very high pitch assessment has been made - These evidences goes to the very root of the various issues involved - The power of the learned Commissioner (Appeals) is co-terminus with that of the Assessing Officer and during the appellate proceedings, the learned Commissioner (Appeals) can not only entertain various evidences but also can also carry out necessary enquiry through the Assessing Officer after calling for the remand report - The issue was restored for fresh adjudication.
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