TMI Blog2015 (11) TMI 301X X X X Extracts X X X X X X X X Extracts X X X X ..... t case the expenditure incurred is in relation to issuance of convertible bonds. Accordingly, the question framed is answered in the affirmative i.e. in favour of the Assessee and against the Revenue. Additions made on the basis of the show cause notices without the AO conducting any independent enquiry could not be sustained. - ITA 2/2002 - - - Dated:- 4-8-2015 - DR. S. MURALIDHAR MR. VI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Revenue. 3. One other question framed by the order dated 10th August, 2004 was whether the order of the Tribunal deleting the addition of ₹ 81,21,024/- made in the income of the Assessee by the Assessing Officer is perverse? It is seen that in the impugned order dated 19th January, 1993 the ITAT has noticed that the AO had made additions on the basis of the show cause notices issued to t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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