In the result this ground of appeal preferred by the assessee is allowed
Bench: Shri (Dr.) Arjun Lal Saini & Ms. Madhumita Roy
capital, reserves & surplus, secured & unsecured loans, which as per the Balance Sheet is of Rs.28,99,17,693/- raised by the assessee for the year under consideration. The assessee has to use and invest heavily in purchasing own plant & machinery equipments etc. in order to qualify for bid for tender and carry out the development of various projects. In this