Disallowance of depreciation of plant and machinery claimed - As...

Disallowance of depreciation of plant and machinery claimed - As per AO stainless pipes / tubes were never purchased by the assessee and the assessee took accommodation entry to siphon of black money - The appellant could not explain how much other materials such as nuts, bolts, brackets, sockets consumed for fitting/installing the pipes/tubes were accounted for in its books though the AO had called for those details in the course of the assessment proceedings.Taking all these facts into consideration, hold that the appellant's claim regarding purchase of pipes/tubes is not correct. - AT