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2015 (6) TMI 524 - AT - Income TaxAssessment under section 153A/153C - whether CIT(A) has erred in allowing the enhanced claims of interest on loans and depreciation in the proceedings initiated under section 142(1) of the I.T. Act. Held that:- A perusal of the impugned order of the Ld. CIT(A) also shows that neither the Ld. CIT(A) has given any specific finding on the merit of the assessee’s claim nor has he directed the A.O. to verify the same on merit and this position is not disputed even by the Ld. Counsel for the assessee. We therefore, modify the impugned order of the Ld. CIT(A) and restore the matter to the file of the A.O. for the limited purpose of deciding the issue relating to the assessee’s claim for depreciation on office building and interest on loan availed for the said building on merit in accordance with law after verifying all the relevant aspects - Decided partly in favour of revenue for statistical purposes.
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