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(M/s. RR Ispat Limited) 6.1 We have considered the peculiar facts to the effect that it is undisputed fact that by raising specific query vide column No.8 of notice dated 17/12/2012, the AO asked the Assessee that there is huge investments in fixed assets specially plant & machinery. Despite this fact your turnover has decreased then what use has been put to new assets. The said query was replied by the Assessee vide column No.8 of the its reply (Pg no. 47 of PB) wherein it was replied by the Assessee that during the year under consideration the Assessee company started its commercial production in Block Mill since December, 2009 and also set up another Wind Mill installed in the month of March. The said query and its reply goes to show that the AO has made the requisite enquiry, therefore the assumption of the Ld. CIT is wrong and contrary to the facts.