The appeals of the assessee are partly allowed for statistical purposes and the appeal of the Revenue in ITA
Bench: Shri Anil Chaturvedi, Am & Shri Partha Sarathi Chaudhury,Jm Sl.
depreciation as charged to the P & L account in accordance with its business exigencies. We direct accordingly.” 29. We have perused the case records and given considerable thought to the submissions made by the Ld. AR of the assessee regarding ground No. 1E and we have also observed and considered the findings of the Co- ordinate Bench, Cuttack