TaxTMI 
TaxTMI 
2019 (10) TMI 518
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....ee is directed against order of the Ld. Pr. CIT-1, Bhopal dated 2.2.2018 pertaining to the assessment year 2013-14. The assessee has raised following grounds of appeal: 1. That the impugned order passed u/s 263 of the Act by Pr. CIT is bad in law and deserves to be cancelled. 2. That the Ld. Pr. CIT erred in holding that the order of assessment passed by A.O. was erroneous in so far as it was ....
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.... that goes to show that plant was purchased after installation and it was being used in the business by the assessee. Therefore, Ld. Pr. CIT by invoking the provisions of section 263 of the Act issued a notice on 27.12.2017 to the assessee calling upon as to why the assessment order should not be revised. In response thereto, the assessee filed written submission. The Ld. Pr. CIT was not satisfie....
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....and supported the impugned order. Ld. CIT(DR) argued that there is no illegality in the order of the Ld. Pr. CIT. Ld. CIT(DR) submitted that the assessing officer failed to examine this aspect and mechanically allowed the claim of depreciation. 5. We have considered the rival submissions, perused the materials on record. The Ld. Pr. CIT has decided the issue as under: 6. The contention of the as....