AO erred in disallowing relief on pretext of siphoning off funds without identifying the actual fact

IT : Where Assessing Officer rejected assessee's application under section 10(22) on ground that it had made payment to 'C' with an intention to siphon away its funds, in view of fact that Assessing Officer neither called upon assessee to produce 'C' nor did he examine as to how said amount was adjusted by 'C' in her return of income, impugned order was to be set aside and, matter was to be remanded back for disposal afresh