Disallowance of genuine depreciation claim on very flimsy reason is unjustified

Zila Sahkari Bank Ltd Vs DCIT (ITAT Delhi)

ITAT Delhi held that disallowance of genuine claim of depreciation merely because the depreciation figure is not reflected in column no. 45 of ITR is unsustainable in law. Action of lower authorities of disallowing the genuine claim of depreciation on a very flimsy reason is unjustified.

Facts- The assessee is challenging the disallowance of depreciation of Rs. 97,94,657/- on fixed assets as per Section 32 of the Act and addition made u/s. 69 r.w.s. 115BBE of

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