Computation of book profits in case of Resulting Company - Section 115JB(2B) - Income Tax - Ready Reckoner - Income Tax

Section 115JB(2B) - Computation of book profits in case of Resulting Company [Inserted by FA, 2017 , w.e.f. 1-4-2017] In case of a resulting company, where the property and the liabilities of the undertaking or undertakings being received by it are recorded at values different from values appearing in the books of account of the demerged company immediately before the demerger, any change in such value shall be ignored for the purpose of computation of book profit of the resulting company under this section.