MALAYALA MANORAMA CO LTD. vs. COMMR.OF INCOME TAX, TRIVANDRUM
The appeals are allowed and the
C.A. No.-005420-005423 - 2002Supreme Court10 Apr 2008
For Respondent: Commissioner of Income Tax,Trivandrum
Section 115JSection 33Section 80Section 80V
160 Taxman 22 and submitted that in
this case also the assessee had provided for
depreciation in its profit & loss account by adopting
the rates prescribed in the Income-tax Rules. The
Assessing Officer claimed that the depreciation for the
purposes of section 115J was permissible as per
Schedule XIV to the Companies Act. The High Court
relying upon
