2019 (1) TMI 1647

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....Judgment of the Tribunal, raising following questions for our consideration:- "(a) Whether on the facts and circumstances of the case and in Law, the Tribunal was justified in directing the AO to delete the disallowance of depreciation of Rs. 3,76,80,000/on leased assets though the assessee could not substantiate its claim and also could not substantiate the existence of assets on which such de....

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....O, in our considered opinion, the Revenue authorities have failed to demonstrate that the claim of depreciation is bogus. Further, the documentary evidences submitted by the assessee have not been rebutted by the Ld. CIT(A). In the light of the decisions discussed herein above, and considering the fact that the matter pertains to A.Y. 199697, we failed to persuade ourselves to give one more opport....