TMI BlogMAT - computation of book profits u/s. 115JB - provision for foreseeable losses - it could be seen that...MAT - computation of book profits u/s. 115JB - provision for foreseeable losses - it could be seen that even on merits, the provision made for foreseeable losses would only be an ascertained liability and hence, it does not fall under any of the items listed in Explanation 1 to Section 115JB (2) of the Act warranting addition thereon. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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