Investment Value Write-Off Under AS 13 Not Reversible for MAT Book Profit Calculation Per Section 115JB(2)(i.

MAT computation u/s 115JB - AS 13 - insofar as the provision for diminution of value of investment is concerned, the same has actually been reduced from the asset side of the balance sheet and, therefore, is in the nature of a write off, same cannot be added to the book profit u/s 115JB(2)(i) .....

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