https://www.taxtmi.com/caselaws?id=209009 The ITAT upheld the CIT(A) decision, confirming the genuine purchase and installation of machinery by the assessee. The courts dismissed the appeal, emphasizing factual findings supporting the assessee's claim and rejecting the reassessment based on alleged bogus purchase. The verification process, including physical inspections and matching descriptions of the machinery, led to the conclusion that the depreciation claimed was valid. en-us Wed, 23 Mar 2011 00:00:00 +0530 Sat, 03 Aug 2013 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209009 The ITAT upheld the CIT(A) decision, confirming the genuine purchase and installation of machinery by the assessee. The courts dismissed the appeal, emphasizing factual findings supporting the assessee's claim and rejecting the reassessment based on alleged bogus purchase. The verification process, including physical inspections and matching descriptions of the machinery, led to the conclusion that the depreciation claimed was valid. Case-Laws Income Tax Wed, 23 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209009