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2002 (7) TMI 89 - HC - Income TaxDepreciation, Company, Rate Of Depreciation, Book Profit - whether, on the facts and in the circumstances of the case, the book profit estimate under section 115J with depreciation as per the provisions of the Income-tax Act is not in accordance with law and the Tribunal is justified in interfering with the same? - we are of the view that the book profit estimate under section 115J with depreciation shall be calculated on the basis of Schedule VI to the Companies Act and not as per the provisions of the Act. The order of the Tribunal to the above point is set aside and the appeal is allowed
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