https://www.taxtmi.com/caselaws?id=55571 The Tribunal dismissed the Revenue's appeal concerning excess depreciation claimed for computing book profit under section 115J, upholding the CIT(A)'s decision that higher depreciation rates than those in Schedule XIV of the Companies Act, 1956, were valid due to manufacturing risks. Additionally, the Tribunal upheld the CIT(A)'s ruling on the allowability of depreciation not claimed by the assessee, directing the AO to delete the unclaimed depreciation from the total income. en-us Fri, 21 Aug 1998 00:00:00 +0530 Sat, 27 Nov 2010 17:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55571 The Tribunal dismissed the Revenue's appeal concerning excess depreciation claimed for computing book profit under section 115J, upholding the CIT(A)'s decision that higher depreciation rates than those in Schedule XIV of the Companies Act, 1956, were valid due to manufacturing risks. Additionally, the Tribunal upheld the CIT(A)'s ruling on the allowability of depreciation not claimed by the assessee, directing the AO to delete the unclaimed depreciation from the total income. Case-Laws Income Tax Fri, 21 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55571