Section 115JB: Impairment Loss Adjustment Required for Tonnage Tax Companies under MAT Provision for Accurate Book Profit Calculation.

Minimum Alternate Tax (MAT) u/s 115JB - AO directed to make adjustment for the Impairment loss in the Book Profit derived from the activities of a tonnage tax company also; and the so computed book profit shall be liable to be excluded from the Book Profits - AT .....

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