https://www.taxtmi.com/caselaws?id=253579 While computing book profit under section 115J of the Income-tax Act, the Assessing Officer cannot go behind the net profit shown in the profit and loss account except to the limited adjustments expressly permitted by law. A bona fide change in depreciation method from Straight Line Method to Written Down Value Method, reflected in the accounts and accompanied by the resulting shortfall being charged to the profit and loss account, did not justify an addition for additional depreciation. The addition to book profit was therefore not sustainable. en-us Mon, 17 Nov 2014 00:00:00 +0530 Wed, 18 Feb 2015 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253579 While computing book profit under section 115J of the Income-tax Act, the Assessing Officer cannot go behind the net profit shown in the profit and loss account except to the limited adjustments expressly permitted by law. A bona fide change in depreciation method from Straight Line Method to Written Down Value Method, reflected in the accounts and accompanied by the resulting shortfall being charged to the profit and loss account, did not justify an addition for additional depreciation. The addition to book profit was therefore not sustainable. Case-Laws Income Tax Mon, 17 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253579