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Income Tax - Highlights / Catch Notes

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MAT - Book adjustment u/s 115JB - arrears of depreciation - the ...


Court Rules MAT Clause Timing Irrelevant in Depreciation Arrears Dispute u/s 115JB.

January 24, 2017

Case Laws     Income Tax     HC

MAT - Book adjustment u/s 115JB - arrears of depreciation - the grievance of the Revenue that the clause was inserted only in Finance Act, 2006 w.e.f. 1st April, 2007 and is not applicable for the year under consideration does not carry the issue in the present facts any further. - HC

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