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2019 (9) TMI 452 - HC - Income TaxMAT applicability - amount created for unexpired risk - amortization of specific items of expenditure - HELD THAT:- Appeal admitted on the following substantial questions of law:- (i) Whether on the facts and in the circumstances of the case the amount created for unexpired risk is a reserve under Explanation 1(b) of Section 115JB of the Income Tax Act, 1961 and is a part of the book profit for the purpose of determining the Minimum Alternate Tax (MAT) ? (ii) Whether the proposed question with regard to amortization is a pure question of fact as we have observed in our judgment and order made today Principal Commissioner of Income Tax-2, Kolkata v. National Insurance Co. Ltd. [2019 (9) TMI 445 - CALCUTTA HIGH COURT]
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