https://www.taxtmi.com/caselaws?id=65219 The Tribunal allowed the appeal, directing the AO to reevaluate the depreciation claim and book profit computation in line with the guidelines provided. The decision highlighted the significance of adhering to statutory requirements in determining deemed income under section 115J, emphasizing the principles of equity and tax compliance. The judgment underscored the AO's responsibility to rectify errors and ensure accurate computation of book profit for taxation purposes, promoting fairness and justice in tax assessments. en-us Fri, 15 Jan 1999 00:00:00 +0530 Mon, 14 Feb 2011 12:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65219 The Tribunal allowed the appeal, directing the AO to reevaluate the depreciation claim and book profit computation in line with the guidelines provided. The decision highlighted the significance of adhering to statutory requirements in determining deemed income under section 115J, emphasizing the principles of equity and tax compliance. The judgment underscored the AO's responsibility to rectify errors and ensure accurate computation of book profit for taxation purposes, promoting fairness and justice in tax assessments. Case-Laws Income Tax Fri, 15 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65219