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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

MAT - The principle of apportionment as provided u/s 14A cannot ...

Case Laws     Income Tax

September 18, 2013

MAT - The principle of apportionment as provided u/s 14A cannot be applied while computing the book profit u/s 115JB - However, the Assessing Officer had power and jurisdiction to make the adjustment as provided under Explanation 1 - AT

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