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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

MAT computation - Assessment u/s 115JA - AO does not have the ...


Assessing Officer Cannot Adjust Net Profit for MAT Calculation Beyond Section 115JA Explanation Limits.

March 31, 2016

Case Laws     Income Tax     AT

MAT computation - Assessment u/s 115JA - AO does not have the jurisdiction to go beyond the net profit shown in the profit and loss account except to the extent provided in Explanation to Section 115JA of the Act - AT

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