TMI Blog2019 (10) TMI 518X X X X Extracts X X X X X X X X Extracts X X X X ..... ce in support of the claim that the solar generators were purchased, installed, put to use for business and the part payment of the same was also paid during the financial year 2012-13. There are no reason to interfere with the finding of the Ld. Pr. CIT - ground raised in the appeal is dismissed - appeal dismissed. - ITA No.257/Ind/2018 - - - Dated:- 11-10-2019 - Shri Kul Bharat, Ju ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tive ground in this appeal is against revising the assessment order by invoking provisions of section 263 of the Income Tax Act, 1961 (hereinafter called as the Act ). The facts giving rise to the present appeal are that the assessee firm is engaged in the business of jewellery, ornaments, precious stones, etc. The assessment u/s 143(3) of the Act was framed vide order dated 3.3.2016. Subsequentl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... offered by the assessee. Therefore, he set aside the assessment order and directed the A.O. to reframe the assessment. 3. At the time of hearing, no one appeared on behalf of the assessee. It is noticed that the assessee had sought adjournment on last day of hearing and also on 10.5.2019. The assessee was aware of the date of hearing. We find that the assessee ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IT has decided the issue as under: 6. The contention of the assessee is that the A.O. has adopted one of the plausible view. It is stated that the solar generators were purchased during the financial year 2012-13 and also installed during the financial year 2012- 13. It is also stated that these generators were put to use for business in the financial year 201 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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