https://www.taxtmi.com/caselaws?id=70505 The tribunal allowed the revenue's appeal, emphasizing that the adjustment made by the assessee for depreciation in computing book profits was not supported by the Companies Act or legal precedents. The judgment highlights the significance of complying with statutory provisions and established legal principles in determining book profits for taxation purposes. en-us Fri, 24 Jun 2005 00:00:00 +0530 Sat, 16 Apr 2011 14:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70505 The tribunal allowed the revenue's appeal, emphasizing that the adjustment made by the assessee for depreciation in computing book profits was not supported by the Companies Act or legal precedents. The judgment highlights the significance of complying with statutory provisions and established legal principles in determining book profits for taxation purposes. Case-Laws Income Tax Fri, 24 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70505