MAT computation - Book Profit - addition of interest on income ...

Interest on Tax Refund Not to Be Added to Book Profit for MAT Calculation, Says Section 115 JB Ruling.

October 31, 2023

Case Laws Income Tax AT

MAT computation - Book Profit - addition of interest on income tax refund to the Net Profit - As there is no dispute on the fact that assessee has offered interest on income tax refund to tax while filing its return of income and same has also been assessed under the normal provisions of the Act. Accordingly, we find no merits in addition of interest on income tax refund for computing the book profit u/s 115 JB - AT

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MAT computation - Book Profit - addition of interest on income ...

Interest on Tax Refund Not to Be Added to Book Profit for MAT Calculation, Says Section 115 JB Ruling.

October 31, 2023

Case Laws Income Tax AT

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