AO to pass fresh order without getting influences by ITAT’s observation in case of open remand

INCOME TAX : Where assessee raised a plea that while remanding matter to assessing authority, Tribunal had given certain directions and its views about exchange fluctuations to be treated as speculative loss or business loss and, therefore, it was not an open remand which was likely to prejudice case of assessee, Assessing Officer was to be directed to pass fresh orders, uninfluenced by any observations made by Tribunal

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