In the result, the appeal by the assessee is allowed for statistical purposes
Bench: Shri Sanjay Arora, Accountantmemberand Shri Manomohan Das, Judicialmember Kerala Automobiles Ltd. Asst. Cit, Aralumoodu P.O., Neyattinkara Circle 1(1), Vs. Trivandurm 695123 Trivandrum [Pan:Aabck0142M] (Respondent) (Appellant)
depreciation; the return for the preceding three years being also at a loss. The Kerala Automobiles Ltd. vs. Asst. CIT assesseedid not respond to the several notices of hearing, detailed at para 4 of the assessment order. This was followed by notices u/ss. 142(1) and 144 of the Act, all of which were sent both at the primary