When a company is  declared a sick company profits of a sick company are excluded from purview of section 115JB.  Assessee-company was declared a sick company during period 31-3-2000 to 31-3-2006, positive Book Profits would start arising to assessee only from year ending 31-3-2010 after it become non-sick company and accordingly, adjustment of brought forward business losses or depreciation would start from that year only. Assessing Officer was to be directed to grant adjustment as claimed by assessee during year. (AY. 2014-15)