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2008 (9) TMI 29 - HC - Income TaxRe-computation of income u/s 115JA - Tribunal was right in holding that AO can compute depreciation u/s 32 on the rates provided in appendix-I to I.T. Rules for computing total income, but he cannot disturb the book profit, which has been certified to be drawn as per the companies act - Therefore order passed by AO was not erroneous - Since it was not erroneous, it could not have been termed to be prejudicial to the interest of revenue – re computation not required – revenue appeal dismissed
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