TMI BlogMAT - Book profit u/s 115JB - Business loss was allowable on ordinary commercial principles in computing...MAT - Book profit u/s 115JB - Business loss was allowable on ordinary commercial principles in computing profits. - Since claim is direct loss in valuation of stock in trade and as this cannot be considered as a ‘provision’ as provided under Explanation-1 - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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