TMI Blog2002 (11) TMI 741X X X X Extracts X X X X X X X X Extracts X X X X ..... - This is an appeal filed by the assessee for the assessment year 1993-94 against the order of the learned CIT(A) dated 16-9-1998. The only issue raised in this appeal is directed against non-allowance of depreciation on fixed assets amounting to Rs.1,15,035. 2. Briefly, the relevant facts of the case are that the assessee firm is owner of a Tea Estate along with the machineries and building ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the rival submissions and perused the materials available on record. We find that the plant and machineries in respect of which depreciation of Rs. 1,15,035 was claimed by the assessee are owned by the assessee is not in dispute. It is also observed that the lease rent received by the assessee for leasing out the tea estate including the plant and machineries was declared by the assessee as its ..... X X X X Extracts X X X X X X X X Extracts X X X X
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