In the result, appeal of the assessee is allowed
Bench: Sh. Anil Chaturvedi & Sh. Challa Nagendra Prasad
depreciation on building. The addition is illegal, bad in law and arbitrary without considering the explanations/ evidences available on record and based upon mere surmises and conjectures. 25. That in view of the facts and circumstances of the case the AO and the CIT(A) has failed to appreciate that the additions cannot be made on the basis of alleged