Order Should Be Passed after Affording Adequate Opportunity with clear findings

BRIEF FACTS OF THE CASE AND QUESTION OF LAW Brief Facts: This is an appeal filed by assessee against the order of Ld. CIT (A) dated 18/11/2013 for the assessment year 2003-2004.The grounds of assessee was that CIT (A) did not afford the assessee sufficient time and opportunity to make necessary submission and to adduce relevant details and documents to support his case and also in course of assessment proceedings, the Assessing Officer has not conducted or made any enquiry in this regard as to whether the transactions were speculative or business gain. Question of Law: Whether the assessee’...