AO can go beyond ITAT directions if his inquiry justifies it

HIGH COURT OF DELHI Commissioner of Income-tax Versus RBG Investment & Finance Ltd. IT APPEAL NO. 323 OF 2010 OCTOBER 30, 2012 ORDER R.V. Easwar, J. The Revenue which is in appeal is aggrieved by the order of the Tribunal restoring the issue of allocation of interest expenditure back to the assessing officer following the decision of a Special Bench of the Tribunal with certain directions. The contention of the Revenue is that the Tribunal ought not to have issued those directions and should have kept the remand open. 2. After hearing both the sides we frame the following...