TMI Blog2008 (3) TMI 317X X X X Extracts X X X X X X X X Extracts X X X X ..... purchased and installed the machinery in respect of which benefits were claimed under the statute. On the other hand, the assessee’s case is that this is a mistake committed by the auditor and so much so the assessee is not liable to be subjected to penalty. – Held that though prepared by the auditor for the assessee, it was for the assessee to ensure that wrong claims are not made by the practiti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssessee made bogus claims of investment allowance and depreciation in respect of machinery which were not purchased, installed or commissioned during the previous year. The assessee has no case that it had in fact purchased and installed the machinery in respect of which benefits were claimed under the statute. On the other hand, the assessee's case is that this is a mistake committed by the audit ..... X X X X Extracts X X X X X X X X Extracts X X X X
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