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2009 (4) TMI 23 - HC - Income TaxAssessee claimed depreciation on the basis of WDV (Written down method) while calculating book profit u/s 115J and prepared book of account as certified by the Chartered Accountant – whereas in the books of accounts as adopted by the AGM of the company for the 15 months, depreciation was claimed on the basis of SLM (straight line method) – AO denied deprecation on WDV method and calculated depreciation on SLM method – Held that action of AO is wrong – answers in favor of assessee
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