Adjustment can not be made in the book profit u/s 115JB for the items which are not mentioned specifically in the explanation to section 115JB

ACIT, Gandhinagar Vs Gujarat State Energy Generation Ltd (ITAT Ahemdabad) – Whether the assessee which once opted for SLM method of depreciation, can change it to WDV by filing a valid revised return before the assessment is made – Whether the expenses for which the liability has crystallized during the year cannot be treated as prior period expenses ? It can be held that where the assessee in required to exercise an option before a particular date and thus such option is exercised in the original return, yet if the assessee files a valid revised return, the option cannot he said to ...