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2014 (11) TMI 1177 - AT - Income TaxMinimum Alternate Tax (MAT) on SEZ units - Applicability of provisions of section 115JB on unit located in Speical Economic Zone - Income relating to 10A unit as includible in the book profit - Held that:- As decided in Genesys International Corporation Ltd. v. ACIT (2012 (12) TMI 491 - ITAT MUMBAI) that a unit located in Speical Economic Zone (in short SEZ) is covered by sub section (6) of section 115JB irrespective of the fact that such unit is claiming deduction u/s 10A and, therefore, the book profit of the SEZ unit could not be included while computing book profit under section 115JB for A.Y. 2008-09, despite the fact that clause (f) of Explanation 1 to section 115JB(2) has been amended to apply the provisions of MAT to units which are entitled to deduction under section 10A. - Decided in favour of assessee.
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