In the result, appeal filed by the assessee is allowed
Bench: Shri Aby T. Varkey & Shri Jagadish
32(1)(iia) of the Act. Thereafter, the AO issued notice u/s.148 of the Act dated 31.03.2017 after expiry of four (4) years, reopening the assessment, for the reasons that additional depreciation could not be allowed to the assessee on account of electrical installations, data processing equipment & exchange fluctuation loss. Thereafter, the reassessment was completed u/s 147/143