https://www.taxtmi.com/caselaws?id=57310 The Tribunal upheld the CIT(A)'s direction to allow adjustment for unabsorbed brought forward depreciation while computing book profit under s. 115J. It emphasized treating unabsorbed depreciation akin to unabsorbed loss for applying the provisions of s. 115J, citing relevant case law. The Department's appeals were dismissed based on legal principles and precedents, affirming the decision to consider unabsorbed depreciation in calculating book profit. en-us Thu, 29 Nov 2001 00:00:00 +0530 Thu, 09 Dec 2010 15:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57310 The Tribunal upheld the CIT(A)'s direction to allow adjustment for unabsorbed brought forward depreciation while computing book profit under s. 115J. It emphasized treating unabsorbed depreciation akin to unabsorbed loss for applying the provisions of s. 115J, citing relevant case law. The Department's appeals were dismissed based on legal principles and precedents, affirming the decision to consider unabsorbed depreciation in calculating book profit. Case-Laws Income Tax Thu, 29 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57310