Section 115JB: Companies Can Use Same Depreciation Method for Tax and Financial Accounts.

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....MAT - Depreciation - As per sub-section 2 of Section 115JB, the appellant can adopt the method and rate for calculating the depreciation, this shall be same as have been adopted for the purpose of preparing such account including P&L Account and laid before the company at its annual general meeting in accordance with the provisions of Section 210 of the Companies Act, 1956 - AT....