https://www.taxtmi.com/caselaws?id=55575 The Tribunal dismissed the appeal, upholding the CIT(A)'s decisions on the addition of depreciation to book profit and the non-charging of interest under sections 234B and 234C. The Tribunal found the change in depreciation method permissible under Accounting Standards and not a tax avoidance scheme. It supported the CIT(A)'s stance based on legal provisions and judicial precedents, leading to the appeal's rejection. en-us Mon, 05 Jul 1999 00:00:00 +0530 Sat, 27 Nov 2010 17:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55575 The Tribunal dismissed the appeal, upholding the CIT(A)'s decisions on the addition of depreciation to book profit and the non-charging of interest under sections 234B and 234C. The Tribunal found the change in depreciation method permissible under Accounting Standards and not a tax avoidance scheme. It supported the CIT(A)'s stance based on legal provisions and judicial precedents, leading to the appeal's rejection. Case-Laws Income Tax Mon, 05 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55575