2002 (11) TMI 741

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... B.B. Dev for the Respondent. ORDER N.S. Saini, AM. - This is an appeal filed by the assessee for the assessment year 1993-94 against the order of the learned CIT(A) dated 16-9-1998. The only issue raised in this appeal is directed against non-allowance of depreciation on fixed assets amounting to Rs.1,15,035. 2. Briefly, the relevant facts of the case are that the assessee firm is ow....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the above disallowance of depreciation. 3. We have heard the rival submissions and perused the materials available on record. We find that the plant and machineries in respect of which depreciation of Rs. 1,15,035 was claimed by the assessee are owned by the assessee is not in dispute. It is also observed that the lease rent received by the assessee for leasing out the tea estate including the ....