ASTORIA LEATHERS,CHENNAI vs. ITO, CHENNAI
In the result, the appeals filed by the assessee in I
ITA 2548/CHNY/2014[2006-07]Status: DisposedITAT Chennai27 Dec 2017AY 2006-07
Bench: Shri Duvvuru Rl Reddy & Shri S. Jayaraman
For Appellant: Shri S. Sridhar, AdvocateFor Respondent: Shri N. Madhavan, Addl. CIT
Section 133ASection 143(3)Section 147Section 148Section 271B
133A of the Act was conducted at the business premises of the assessee on 15.06.2012. During the course of the survey, it has been noticed by the Department that the assessee has been claiming depreciation in respect of non-existing asset and also claimed various expenses without any supporting evidence. In view of the above fact, the Department