D. Karunakara Rao, Accountant Member - This appeal by the assessee is directed against the order of the Commissioner of Income tax (A)-II, Pune dated 07/01/2005 for the assessment year 2001-02.

2. During the proceedings before us and at the very outset, the assessee filed a chart containing groundwise analysis. In the chart, assessee referred to respective para nos. from the orders of the Revenue and the comments furnished on each of the ground raised in the appeal. Further, the counsel mentioned grounds 1 (a), 1(b), 3, 5(c), are not pressed. Considering the same, we proceed to dismiss the same as not pressed.

3. Ground 2 relates to reclassification of 'Plant & Machinery' as Furniture. The ground reads as follows.

"2. The CIT(A) erred in holding that addition to the 'Fixed Assets' amounting to Rs.19,43,791/- being cost of 'Stools, Tables, Stainless Steal racks, SS cupboards, SS trolleys, SS trays etc (located in Factory premises) is not part of 'Plant and Machinery' and thereby confirming the depreciation a allowance thereon @ 10% (i.e. the rate applicable to furniture and fixtures) instead of allowing the same @ 25%(applicable to Plant & Machinery)"

4. In connection with the abov