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Income Tax

MAT - Applicability of clause (vii) to the Explanation 1 of...

Section 115JB(2) Explanation 1: Sick industrial firms' net profit reduced for MAT calculation to ease financial burden.

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Income TaxJune 11, 2015Case LawsAT

MAT - Applicability of clause (vii) to the Explanation 1 of S.115JB(2) - the net profit of the sick industrial undertaking is to be reduced while computing the book profit. - AT

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