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From the above details, it is clear that the assessee's turnover is continuously going down. The closing stock is also decreasing in the year 2006-07 and there is minor increase in the year 2007-08 and 2008-09. The financial results of the business activities undertaken by the assessee are very poor. The assessee has credited rental income in the profit and loss account, therefore, it is resulting into profit in the F.Y. 2008-09. From the examination of balance sheet, incorporated in the assessment order and the appellate order, we find that the assessee has taken loan from Punjab National Bank, which are continuously decreasing. This shows that the assessee is making payment to the bank. The balance sheet further shows that the capital account of the partners is showing continuous debit balances. It seems that the partners have drawn excess money from the firm which is resulting into debit of the partner's capital account. In view of these facts the findings of the ld. Assessing Authority noted above cannot be straightway side tracked. A perusal of the impugned order reveals that the ld. CIT(A) has deleted the addition only on the ground that such expenses were allowed in the preceding assessment years 2002-03 to 2006-07 on the identical facts. The record nowhere reveals whether the loan taken by the assessee was a term loan for construction/renovation etc. of building, or it was working capital loan taken for the purpose of business. No documentary evidences of the bank are available before us to ascertain this fact. Secondly, the ld. CIT(A) has failed to consider the new fact emerged only in the year under consideration, inasmuch as three floors of the building are let out by the assessee and remaining two floors were used for business purposes. Therefore, in case, it was a term loan taken for construction/renovation of building, then the expenses incurred by the assessee on such loan, shall be apportioned in the ratio of 60:40 as done in the case of other expenses dealt by the ld. CIT(A) itself. If it was a working capital loan, then it has to be thrashed out as to under what circumstances and for what purpose, the capital accounts of the partners were showing continuous debit balances. All these facts need verification at the stage of Assessing Officer before finally deciding the issue. We, therefore, think it appropriate to remand the issue to the file of Assessing Officer to decide the same afresh after making thorough enquiry in the light of observations made above and by way of speaking order. Needless to say, the assessee shall be given reasonable opportunity of being heard. Accordingly, grounds Nos. 6 & 7 of the Revenue's appeal are allowed for statistical purposes.