ORDER

PER SOUNDARARAJAN K., JUDICIAL MEMBER

This is an appeal filed by the assessee challenging the order of the Ld.CIT(A)-3, Bengaluru dated 30/09/2016 in respect of the A.Y. 2003-04 and raised the following grounds:

“Based on the facts and circumstances of the case and in law, GE India Exports Private Limited (hereinafter referred to as ''the Company" or "the Appellant") respectfully craves, leave to prefer an appeal under Section 253 of the Income-

tax Act, 1961 ("the Act") against the order dated 30 September 2016, passed by the Commissioner of Income- tax (Appeals) - 3 [''the learned CIT(A)"] under Section 250 of the Act, on the following grounds:

That on the facts and circumstances of the case and in law:

General Grounds

1. That the order passed by the learned CIT(A) / Assessing Officer ("learned AO"), is based on incorrect appreciation of facts and interpretation of law and is, therefore, bad in law and on facts and is liable to be quashed.

Grounds relating to disallowance of the provision for obsolete / slow moving inventory of INR 80,58,706 for Low Voltage Component and Equipment division ("LVCE Divisions")

2. That the learned CIT(A) has erred in law and on facts, by upholding th