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2015 (10) TMI 2122 - HC - Income TaxDisallowance of deduction of the write off of inventories - Whether the Tribunal was justified in law in not passing the reasoned order in respect of claim of the appellant on the facts and circumstances of the case? - Held that:- Since the appeal filed by the assessee for the assessment year 2002-03 on which reliance was placed was partly allowed by giving certain benefits to the assessee, the order passed by the Tribunal dismissing the appeal and the Miscellaneous petition filed by the assessee, relying upon the order made for the assessment year 2002-03 is not sustainable. Hence, the Tribunal is directed to reconsider the matter afresh for the assessment year 2004-05, in the light of the order made in [2009 (2) TMI 248 - ITAT, BANGALORE ] in accordance with law. Accordingly, without answering the substantial questions of law, this appeal is allowed and remanded to the Tribunal for considering the matter afresh, in accordance with law.
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