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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

MAT - reduction of income from book profit - assessee has not ...


Court Affirms Income Inclusion in Book Profit for MAT; Assessee Fails to Prove Exclusion Under Companies Act Schedule VI.

February 8, 2012

Case Laws     Income Tax     AT

MAT - reduction of income from book profit - assessee has not demonstrated that as per Schedule-VI of Companies Act, the impugned income is beyond the scope of profit of the company. By very adoption and inclusion of the said income in the profits of the company it has been affirmed that the same had come within the ambits of the "book profit". .... - AT

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