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TMI Blog2021 (2) TMI 1019X X X X Extracts X X X X X X X X Extracts X X X X ..... the certificate coming from the paper book. We thus see no merit in Revenue's foregoing technical grievance under Rule 46 of the Income Tax Rules. The same is accordingly declined. - Decided against revenue. - I.T.A. No. 1011/HYD/2018 - - - Dated:- 16-2-2021 - S.S. Godara, Member (J) And Laxmi Prasad Sahu, Member (A) For the Appellant : Y.V.S.T. Sai, CIT-DR For the Respondents : Y. Ratnakar, AR ORDER This Revenue's appeal for AY. 2011-12 arises from the CIT(A)-1, Hyderabad's order dated 09-01-2018 passed in appeal No. 0140/CIT(A)-1, Hyd/2014-15/2017-18 in proceedings u/s. 143(3) of the Income Tax Act, 1961 [in short, 'the Act']. 2. Learned CIT-DR vehemently contended during the course of heari ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 1961 in the return of income and as per the tax audit report was ₹ 5,13,71,058/-, which resulted in difference in depreciation of ₹ 3,27,47,813/-. The appellant submitted that income tax return was filed online, hence calculations were computed automatically made. The appellant submitted that depreciation on assets categorized under Kiln III was claimed and also the WDV as on 31.03.2010 (copy enclosed) was correctly brought forward in the statement of allowable depreciation filed for the AY 2011-12. Hence, it is evident that this error in the computation of depreciation crept in at the time of retyping and printing of the depreciation statement. The appellant company submitted that the estimation of income based on the re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ., VI. Full vouchers files of all expenditure with evidence. VII. Bank Records. The appellant submitted that the errors in the depreciation schedule are such that there cannot be any rejection of books. Even the estimate at 8% has no basis and without any comparable data. The arithmetical error in the statement of allowable depreciation furnished at the time of scrutiny proceedings or an error in the date of audit report cannot justify any conclusion drawn that all books of accounts are to be rejected as not being correct and not audited in the true sense. In fact, no mistake has been pointed out in the books of accounts or voluminous information furnished during the assessment proceedings, which would entail rejection of all ..... X X X X Extracts X X X X X X X X Extracts X X X X
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