https://www.taxtmi.com/caselaws?id=351728 The High Court upheld the Tribunal's decision allowing depreciation claim for machinery used in trial production at a clinker/cement factory, emphasizing that even short-term use qualifies for depreciation benefits. Regarding the computation of book profit under Section 115JA, the High Court dismissed the appeal, ruling that the provision in question did not belong to the profit and loss account and therefore could not be added to the book profit. en-us Mon, 06 Nov 2017 00:00:00 +0530 Thu, 31 May 2018 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351728 The High Court upheld the Tribunal's decision allowing depreciation claim for machinery used in trial production at a clinker/cement factory, emphasizing that even short-term use qualifies for depreciation benefits. Regarding the computation of book profit under Section 115JA, the High Court dismissed the appeal, ruling that the provision in question did not belong to the profit and loss account and therefore could not be added to the book profit. Case-Laws Income Tax Mon, 06 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351728