THE SOUTH INDIAN BANK,THRISSUR vs. DCIT, CIRCLE 1(1) & TPS, THRISSUR

In the result, the appeal by the assessee is dismissed

Bench: Shri Inturi Rama Raoshri Sandeep Singh Karhailthe South Indian Bank Limited, Head Office, Mission Quarters, Tb Road, Thrissur Kerala - 680001 ............... Appellant Pan : Aabct0022F V/S Dcit, Circle – 1(1) & Tps ……………… Respondent Thrissur, Kerala

274 (Cal.). The basic facts under consideration before the Hon’ble Calcutta High Court, in the aforesaid decision, are reproduced as follows: - “The assessee's grievance had its genesis in the following circumstances. In the income-tax returns filed by the assessee for the five assessment years under consideration, the assessee had claimed depreciation on factory buildings at five