TMI Blog2016 (6) TMI 1363X X X X Extracts X X X X X X X X Extracts X X X X ..... shed by the assessee though learned CIT(A) has made certain computations and granted partial relief to the assessee. We have noticed that he has not found fault with the statement furnished by the assessee. This issue requires fresh examination at the end of the Assessing Officer by duly considering reconciliation statement furnished by the assessee. Accordingly, we set aside the order passed b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. The solitary issue urged in this appeal relates to addition on CENVAT credit and VAT credit u/s. 145A of the Act. 3. We have heard the parties and perused the record. The assessee has been following exclusive method of accounting for accounting the taxes in the books of account. During the course of assessment proceedings, the Assessing Officer grossed up the value of openin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he has restored the matter to the file of the Assessing Officer for examining identical types of reconciliation statement filed by the assessee and in the set aside proceedings the Assessing Officer did not make any addition. 5. Learned Departmental Representative submitted that the reconciliation statement furnished by the assessee may be restored to the file of the Assessing Offic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed by learned CIT(A) on this issue and restore the same to the file of the Assessing Officer with the direction to examine the reconciliation statement furnished by the assessee and take appropriate decision in accordance with law after affording necessary opportunity of being heard to the assessee. 7. In the result, appeal of the assessee is treated as allowed for statistical purpos ..... X X X X Extracts X X X X X X X X Extracts X X X X
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