2016 (12) TMI 1866

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..... RAJESH KUMAR, Accountant Member: This is an appeal filed by the assessee and is directed against the order of the Ld. CIT(A)-4, Mumbai dated 4.10.2012 pertaining to A.Y.2006-07. 2. The issue raised Ground No.1 is with regard to upholding the disallowance of bad debts written off of Rs. 30,57,413/- by CIT(A). 3. At the outset, Shri F V Irani, Sr. Standing Counsel drew our attention to the appli .....

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..... d adjudication of the issue denovo as per facts and law after allowing reasonable opportunity of hearing to the assessee. 5. The 2nd ground raised by the assessee is in respect of upholding the levy of interest under section 234C of the Act by CIT(A) without considering the computation furnished by the assessee evidencing the fact that interest levied u/s 234C was not applicable. 6. The ld. Sr. .....

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