Depreciation Claim Denied: No Evidence of Plant and Machinery Existence or Hire Purchase Agreements Provided.

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....Disallowance of depreciation - revenue doubts existence of plant and machinery - assessee has neither able to substantiate by way of any agreements entered into by it, with parties to which plant and machinery has been released on hire purchase nor able to establish existence of plant and machinery by way of corroborative evidences - no depreciation....