2010 (8) TMI 67

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....se two appeals relate to the assessment years 1997-98 and 1998-99 and arise out of common order dated 9th December, 2005 passed by the Income Tax Appellate Tribunal (hereinafter referred to as „the Tribunal) dismissing the appeals of the revenue in respect of both the assessment years. 2. In so far as the assessment year 1997-98 is concerned, the issue relates to the depreciation allowance on c....

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....was allowed. However, in respect of factory building, plant and machinery and self fabricated machinery, vouchers to the extent of Rs.41,19,260/-, Rs. 1,66,64,271/- and Rs.1,66,64,271/- respectively, could not be produced by the assessee. For want of the vouchers, the Assessing Officer disallowed depreciation on these assets to the extent of Rs. 87,52,367/-. We may note at this stage itself that i....