HC refer back the matter to ITAT as order was non speaking and without application of mind

HIGH COURT OF JHARKHAND Commissioner of Income-tax, Ranchi Versus Metallurgical Engineering Consultants (India) Ltd., Ranchi TAX APPEAL NO. 30 OF 2002 DECEMBER  10, 2012 ORDER 1. Heard learned counsel for the parties. 2. This appeal had been admitted for deciding the following question of law:- Whether loss of Rs.8,35,483/-, which represented the written down value of fixed assets of the assessee company, which got vested in Nigerian company due to certain restrictions imposed by the Government of Nigeria, is a capital loss or trading loss? 3. At the outset, we may observe t...