https://www.taxtmi.com/caselaws?id=177434 The High Court ruled in favor of the appellant, allowing the depreciation claim prospectively from the date of method change. The judgment emphasized compliance with the Companies Act for calculating book profit and the limited powers of the Assessing Officer in adjusting book profit under Section 115J of the Income Tax Act, 1961. The appeal was disposed of with no costs awarded. en-us Thu, 01 Feb 2007 00:00:00 +0530 Fri, 08 Jul 2016 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177434 The High Court ruled in favor of the appellant, allowing the depreciation claim prospectively from the date of method change. The judgment emphasized compliance with the Companies Act for calculating book profit and the limited powers of the Assessing Officer in adjusting book profit under Section 115J of the Income Tax Act, 1961. The appeal was disposed of with no costs awarded. Case-Laws Income Tax Thu, 01 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177434