(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) 1.0 We have heard Mr. M. R. Bhatt learned senior counsel for Mrs. Mauna Bhatt for the Revenue and Mr. S. N. Soparkar learned senior counsel for Mrs. Swati Soparkar, learned counsel for the assessee.
2.0 Admit.
3.0 We formulate the following substantial question of law.
"[A] Whether the Appellate Tribunal is right in law and on facts in allowing depreciation on all the additions made to the fixed assets adopting WDV?
[B] Whether the Appellate Tribunal is right in law and on facts in directing the Assessing Officer to recompute the book profit u/s. 115JA of the Act without making adjustment on revalued assets, pre-operative interest income, capital receipts and disallowance/addition of expenditure?"
4.0 Paper-book be ready within three months.
[V.
M. SAHAI, J.] [N.
V. ANJARIA, J.] Amit Top