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2015 (7) TMI 1218 - AT - Income TaxDisallowance of depreciation - ingenuity of claim - Held that:- Revenue authorities have failed to demonstrate that the claim of depreciation is bogus. Further, the documentary evidences submitted by the assessee have not been rebutted by the Ld. CIT(A). In the light of the above we failed to persuade ourselves to give one more opportunity to the Revenue as in our opinion that would cause unnecessary hardship on the assessee when the main Director has since deceased. In the interest of justice and fair play, we set aside the order of the Ld. CIT(A) and direct the AO to delete the impugned addition made on account of the disallowance of depreciation. - Decided in favour of assessee.
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