Assessing Officer disallowed claim of depreciation on premise that assessee had made a double claim as depreciation for relevant assessment years was claimed separately under head ‘Social Overhead’ over and above depreciation already claimed under section 32 of the Act. Tribunal held  that depreciation claimed in profit and loss account was depreciation claimed as per Companies Act, 1956 and was claimed by providing relevant depreciation schedule which was given as annexure to computation of total income and the  assessee had added back depreciation as per profit and loss account and thereafter claimed depreciation which is permissible under section 32 of the Act. On appeal High Court affirmed the order of Tribunal.](AY. 2003-04, 2004-05, 2005-06)