No reassessment to add-back notional dep. if it was duly considered during security assessment; SLP dismissed

INCOME TAX: SLP dismissed against High Court ruling that where details of amortization of brand value was provided by assessee in notes to balance sheet and profit and loss account and while computing books profit under section 115JB, depreciation was claimed on amortised value and in assessment Assessing Officer issued notice under section 142(1) and allowed same accepting assessee's explanation, subsequent reassessment on ground that there was no provision for deduction of depreciation for amo

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