V.V. TTITANIUM PIGMENTS PVT. LTD.,,TIRUNELVELI vs. ACIT, CC-2,, MADURAI

Appeals stand dismissed

depreciation claim. No incriminating material was found during the\ncourse of search to prove that the contents of the e-mail communication\nbetween Shri J. Thangadurai and Shri V. Subramanian were an outcome\nof a planned accounting manipulation. Therefore, the impugned addition\nwas deleted. Aggrieved, the revenue is in further appeal before us.\nOur findings on this issue