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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

MAT - book profit u/s. 115JB - AO is required to determine ...


Assessing Officer Must Independently Calculate Loss or Unabsorbed Depreciation Each Year u/s 115JB for MAT Deduction.

February 21, 2012

Case Laws     Income Tax     AT

MAT - book profit u/s. 115JB - AO is required to determine amount of loss brought forward or unabsorbed depreciation for each of years without taking said adjustment into consideration and allow deduction in respect of lesser of two amounts. - HC

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