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2019 (1) TMI 1647

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..... the leased assets on the ground that transactions was not genuine - HELD THAT:- Tribunal discussed the same at some length and noted that the Assessee had produced reliable documentary evidence by making the following observations Revenue authorities have failed to demonstrate that the claim of depreciation is bogus. The documentary evidences submitted by the assessee have not been rebutted by .....

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..... a Divakar ORDER P.C: Revenue is in appeal against the Judgment of the Tribunal, raising following questions for our consideration: - ( a) Whether on the facts and circumstances of the case and in Law, the Tribunal was justified in directing the AO to delete the disallowance of depreciation of ₹ 3,76,80,000/on l .....

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..... evidence by making the following observations: - Considering the entire facts in totality of he direction of the Tribunal and the subsequent conduct of the Ld. CIT(A) and the AO, in our considered opinion, the Revenue authorities have failed to demonstrate that the claim of depreciation is bogus. Further, the documentary evidences submitted by the assessee have not been .....

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