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2014 (10) TMI 362 - HC - Income TaxRectification of order - Computation of book profit u/s 115J / 115JA- MAT - assessee changed its method of claiming depreciation from Straight Line Method to Written Down Value method. - Held that:- Reliance placed upon Apollo Tyres Ltd. Versus Commissioner of Income Tax [2002 (5) TMI 5 - SUPREME Court] – Held that:- The question is based on a misconception of fact, as the Tribunal has not only relied upon the decision of the Supreme Court in Apollo Tyres Ltd. case, but also relied on the decision in Surana Steels Pvt. Ltd. and others Versus Deputy Commissioner of Income-Tax And Others [1999 (4) TMI 5 - SUPREME Court] and the Board Circular No.68, dated 17.11.1971, which were very much available before the Tribunal at the time of passing the rectification order - The said fact is also not disputed by the Revenue – Decided against revenue.
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