Tribunal held that the assessee conceded that out of Rs. 14.33 lakhs, Rs. 1 lakh might be disallowed on account of miscellaneous deficiency or differences. The Department had also agreed that in order to cover the miscellaneous deficiencies a minimum of Rs. 1 lakh might be disallowed. Therefore, out of Rs. 14.33 lakhs, Rs. 1 lakh was to be disallowed and the balance of Rs. 13.23 lakhs was directed to be deleted. (AY. 2015-16)
RMV It Services P. Ltd. v. ACIT(OSD) (2020) 82 ITR 590 (Kol.)(Trib.)
S. 32 : Depreciation-Purchase Bills for certain assets not genuine-Assessee and department agreeing for one lakh disallowance-Depreciation is allowable on balance purchases.