Book profit adjustment u/s. 115JB – difference in depreciation – exclusion of amount credited in P/L account under the head “Earlier years adjustment- Difference in depreciation provision” while determining book profit –

HELD THAT: – Identical issue considered in the case of ACIT Vs. Srinivas Synthetics Packers (P) Ltd. [2008 (9) TMI 446 -ITAT AGRA]. The ITAT after careful analyzing found that the entire amount written back can be claimed as a reduction under the proviso to clause (i) of Explanation (1). No contrary decision has been shown. Hence we affirm the order of learned CIT(A). –

Decided against revenue