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Income Tax - Highlights / Catch Notes

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MAT computation - Addition made to the book profit computed u/s ...

Income Tax

January 15, 2022

MAT computation - Addition made to the book profit computed u/s 115JB on disallowance computed u/s 14A in respect of exempt income - the disallowance made u/s 14A is a notional disallowance and hence the same cannot be adopted for the purpose of clause (f) of Explanation 1 to sec.115JB of Act. - AT

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