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Income Tax - Highlights / Catch Notes

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Computation of MAT - Entitlement for unabsorbed depreciation - ...

Income Tax

October 30, 2014

Computation of MAT - Entitlement for unabsorbed depreciation - Unabsorbed business loss - the term 'loss' as occurring in clause (b) of the proviso to Section 205 (1) of the Companies Act has to be understood and read as the amount arrived at after taking into account the depreciation - HC

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