|DATE:||(Date of pronouncement)|
|DATE:||September 23, 2008 (Date of publication)|
While computing normal profits which do not involve Ch VI-A relief, an assessee is entitled not to claim depreciation. However, where deduction under Ch VI-A is claimed depreciation is mandatory.
Vahid Paper Mills 98 ITD 165 (SB) (Ahd) approved.
See also: Scoop Industries (Bom-Goa).