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Assessee has raised the groundthat 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.

Shanti Prime Publication Pvt. Ltd.

Sec. 32 of Income Tax Act, 1961—Depreciation -Depreciation as claimed by the assessee on the assets was disallowed by Assessing Officer as purchase bills submitted by the assessee are treated as not genuine - RMV IT SERVICES P. LTD. V/s ASSTT. CIT - [2020] 82 ITR (TRIB) 590 (ITAT-KOLKATA)