Adjustment in book profit for depreciation not permissible in depreciation amount is certified by the auditor

It is an admitted fact that the assessee has changed the method of depreciation from straight line method to written down value method. Deprecation has been calculated in accordance with the new method from the date of assets coming into use. Therefore depreciation for the current year was higher and profit was lower by the same amount. The Hon’ble jurisdictional High Court in the case of Kinetic Motors Co. Ltd. (supra) has held that –

“it was not in dispute that under the Companies Act both the straight line

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