https://www.taxtmi.com/caselaws?id=202542 The court upheld the decision of the CIT(A) regarding the legitimacy of machinery purchase for the assessment year 1996-97. The dispute centered on whether the purchase was genuine or bogus, with the Assessing Officer initially disallowing depreciation based on a statement by Mr. Viren Ahuja. The CIT(A) allowed the appeal after verifying the machinery installation at the assessee's factory. The ITAT affirmed the decision, emphasizing the factual findings and dismissing the appeal due to the absence of legal questions, procedural compliance, and Settlement Commission's unrelated involvement in Section 80IA benefits. en-us Wed, 23 Mar 2011 00:00:00 +0530 Sat, 02 Apr 2011 01:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202542 The court upheld the decision of the CIT(A) regarding the legitimacy of machinery purchase for the assessment year 1996-97. The dispute centered on whether the purchase was genuine or bogus, with the Assessing Officer initially disallowing depreciation based on a statement by Mr. Viren Ahuja. The CIT(A) allowed the appeal after verifying the machinery installation at the assessee's factory. The ITAT affirmed the decision, emphasizing the factual findings and dismissing the appeal due to the absence of legal questions, procedural compliance, and Settlement Commission's unrelated involvement in Section 80IA benefits. Case-Laws Income Tax Wed, 23 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202542