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| The Tax Publishers2020 TaxPub(DT) 4198 (SC) : (2020) 272 TAXMAN 0034 INCOME TAX ACT, 1961
Section 261 Section 115J
Where the department preferred SLP to appeal against the judgment of Punjab and Haryana High Court in CIT v. Prakash Industries Ltd. (2010) 194 Taxman 508 (P & H) : 2010 TaxPub(DT) 1875 (P&H-HC), whereby the High Court held that Tribunal was justified in allowing written down value method adopted by assessee for working out depreciation as against straight line method adopted by AO as per section 350 of Companies Act, 1956 and further also Tribunal was right in law in rejecting the method adopted by AO for working out the 'book profit' under section 115J(1A), the Supreme Court dismissed the SLP.
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Appeal (Supreme Court) - Special leave petition - MAT-book profit under section 115J -
Department preferred SLP to appeal against the judgment of Punjab and Haryana High Court in CIT v. Prakash Industries Ltd. (2010) 194 Taxman 508 (P & H) : 2010 TaxPub(DT) 1875 (P&H-HC), whereby the High Court held that Tribunal was justified in allowing written down value method adopted by assessee for working out depreciation as against straight line method adopted by AO as per section 350 of Companies Act, 1956 and further also Tribunal was right in law in rejecting the method adopted by AO for working out the 'book profit' under section 115J(1A).Held: The Supreme Court dismissed the SLP.
REFERRED :
FAVOUR : SLP dismissed.
A.Y. :
IN THE SUPREME COURT OF INDIA
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