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2021 (8) TMI 149 - AT - Income TaxAddition of High material consumption declared by the assessee - HELD THAT:- As per reasoning contained in his order, the Ld. CIT(Appeals) deleted the addition made by the Assessing Officer. However, we observe the submission of the assessee of the Assessing Officer’s order wherein the assessee itself has stated that there was an error in making excess provision and the subsequent justification given by the assessee thereof, this issue requires factual verification - further from the observation of the Ld. CIT(Appeal), he has also raised doubts regarding the claim of the assessee and that they were not properly explained before the AO - We have observed in the open Court before the parties that the matter needs to be verified by conducting detailed enquiry and examination on facts. We set aside the order of the Ld. CIT(Appeals) and restore the matter to the file of Assessing Officer to re-adjudicate the issue while complying with the principles of natural justice as indicated hereinabove. Appeal of the Revenue is allowed for statistical purposes.
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