In the result, appeals filed by the Revenue are partly allowed and the cross objections filed by the assessee are partly allowed
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble
43A of the Act. The assessee requested for making necessary adjustments in depreciation schedule and to compute the normal income after determining the correct amount of depreciation as per the normal provisions of Income-tax Act. In the instant case, the Assessing Officer proposed to make adjustment in respect of depreciation after giving effect to the provisions of section