https://www.taxtmi.com/caselaws?id=342508 The Tribunal upheld the assessee's claim regarding the rate of depreciation on electrical installations, considering them an integral part of the plant and machinery block. It also allowed the additional depreciation claimed. In the calculation of Book Profit under section 115JB, the Tribunal supported the assessee, directing the deletion of additions made by the Assessing Officer, emphasizing the limited powers of the AO in making adjustments. The department's appeals were dismissed, affirming the decisions in favor of the assessee on both issues. en-us Thu, 27 Apr 2017 00:00:00 +0530 Sat, 06 May 2017 07:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342508 The Tribunal upheld the assessee's claim regarding the rate of depreciation on electrical installations, considering them an integral part of the plant and machinery block. It also allowed the additional depreciation claimed. In the calculation of Book Profit under section 115JB, the Tribunal supported the assessee, directing the deletion of additions made by the Assessing Officer, emphasizing the limited powers of the AO in making adjustments. The department's appeals were dismissed, affirming the decisions in favor of the assessee on both issues. Case-Laws Income Tax Thu, 27 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342508