MAT - book profit u/s.115JB - Additions towards amount received ...

Sale of FSI Proceeds Not Taxable Under MAT Just Because Included in Income Return Per Section 115JB IT Act.

May 26, 2021

Case Laws Income Tax AT

MAT - book profit u/s.115JB - Additions towards amount received on sale of Floor Space Index (FSI) - merely because a particular receipt , which is in the capital field, had been offered to tax by the assessee voluntarily in the return of income while computing book profits u/s 115JB of the Act, it cannot be brought to tax merely on that ground. It is very well settled that there is no estoppel against the statute. - AT

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MAT - book profit u/s.115JB - Additions towards amount received ...

Sale of FSI Proceeds Not Taxable Under MAT Just Because Included in Income Return Per Section 115JB IT Act.

May 26, 2021

Case Laws Income Tax AT

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