Dismissing the appeal of the Revenue the Court held that the Tribunal had recorded that the details were submitted by the assessee during the assessment proceedings by the assessee in its reply which was mentioned in the assessment order itself. The Tribunal had also recorded that there was no new evidence brought on record and that the Assessing Officer had ignored the reply filed by the assessee. Order of Tribunal is affirmed. (AY.2010-11)
PCIT v. PTC India Financial Services Ltd. (2022)449 ITR 309 (Delhi)(HC)
S. 32 : Depreciation-Based on evidence-No question of law. [S. 260A]