2020 (10) TMI 399

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....er u/s 143(3) of the Income Tax Act, 1961 (in short the "Act") dated 20/12/2017. 2. The grounds of appeal raised by the assessee reads as follows: 1. For that on the facts and in the circumstances of the case, the ld. CIT(A) grossly erred in confirming the disallowance of depreciation of Rs. 14,33,621/- made by the Assessing Officer. 2. The appellant craves leave to add further grounds of appeal or alter the grounds at the time of hearing. 3. Brief facts qua the issue are that during the scrutiny proceeding, the assessing officer noticed that the assessee company has claimed depreciation of Rs. 43,07,373/- in its return of income for the A.Y.2015-16. From the details, it was noted that all the assets were purchased during the F.Y.2014....

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.... and unstamped 26 15200 No name and address 40 48600 Without name, address and signature 61 7000 Unsigned and unstamped 63 8500 Different name 66 24500 No name 77 20500 No name N/A 86400 Unsigned and unstamped   16,75,599   Computers (Half Year) 110 33750 Unsigned and unstamped 124 595035 Unsigned and unstamped 125 5970 Unsigned and unstamped 128 162540 Unsigned and unstamped 138 2000 Repairing charges 142 1596 Unsigned and unstamped 150 13240 Unsigned and unstamped 151 3300 Not proper 152 31400 Not proper 153 8805 Unsigned and unstamped 154 3630 Not proper 155 1950 Unsigned and unstamped 159 3960 Unsigned and unstamped 164 5230 Unsigned and unstamped 165 8250 M....

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.... 10 per cent. 12,462 Total 14,33,621 As such, the above said purchase bills as submitted by the assessee are treated as not genuine and accordingly, depreciation amounting to Rs. 14,33,621/- as claimed on the above assets was disallowed by Assessing Officer. 4. Aggrieved by the order of Assessing Officer, the assessee carried the matter in appeal before the ld. CIT(A) who has confirmed the order passed by the Assessing Officer observing the followings: "I hvae considered the grounds of appeal, statement of facts as well as the order of the assessing officer framed in the light of the materials available on record before the assessing officer during the assessment proceedings. The AO has mentioned that copies of bills were submitted ....