Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
Income Tax Bill, 2025     TaxTMI    TMI - e-Newsletter     TaxTMI    CBDT Authorizes Waiver of Interest on Delayed...     TaxTMI    SEBI Introduces New Governance Rules for High Value...     TaxTMI    Government exempts Bengal gram from AIDC and SWS...     TaxTMI    CGST Rules Amended: Rule 164 Changes Affect Tax...     TaxTMI    SEBI Eases ESG Compliance: New Green Credit...     TaxTMI    Portfolio Managers Given Extended Timeline of 15...     TaxTMI    Court Overturns Automatic Forfeiture of EMD in SEBI...     TaxTMI    Inherited Agricultural Land: LTCG Calculation with...     TaxTMI    Voluntary Duty Deposit Under Advance Authorization...     TaxTMI    Transfer of Development Rights Constitutes...     TaxTMI    GST Fraud Mastermind Denied Bail Under Sections...     TaxTMI    Time-Barred GST Demand Quashed: Three-Year...     TaxTMI    CBDT Expands Safe Harbour Rules: Lithium Ion...     TaxTMI    Tax Assessment Order Invalidated for Missing...     TaxTMI    Petitioner Wins Refund Claim for Unutilized Input...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights June 2013 Year 2013 This

Minimum Alternate Tax (MAT) u/s 115JB - interpretation - ...


High Court Rules: No Reduction of Exempted Income from Book Profit u/s 115JB for MAT Calculation.

June 13, 2013

Case Laws     Income Tax     HC

Minimum Alternate Tax (MAT) u/s 115JB - interpretation - reduction of exempted income u/s 80-IB from book profit u/s 115JB - not allowed - HC

View Source

 

← Previous Next →

 

You may also like:

  1. The ITAT considered a rectification order u/s 154 regarding MAT computation u/s 115JB on profit from the sale of agricultural land exempt from income tax. The Assessing...

  2. The assessee had not computed income under the provisions of Minimum Alternate Tax (MAT) and had not computed book profit, claiming that the provisions of MAT were not...

  3. Levying MAT u/s 115JB - 100% reduction of the profit u/s. 80IB(10) - while computing the book profit u/s. 115JB appellant had reduced it from book profit and claimed...

  4. MAT computation - exclusion of income of SEZ unit while computing Book Profit u/s 115JB - book profit computed under section 115JB will not include income of SEZ Unit - AT

  5. Disallowance made u/s.14A of the Act while computing book profit u/s.115JB - actual expenses debited to profit and loss account which are incurred for the purpose of...

  6. MAT - Exempted income - adjustment to book profit u/s 115JB - there is no mechanism provided under the clause (f) to Explanation-1 of Sec. 115JB of the Act to make the...

  7. MAT - Calculation of book profit u/s 115JB - A.O seems to have acted beyond the provisions laid down in Section 115JB and has made the adjustment to the book profits...

  8. MAT - AO add back the Income-tax paid in Spain while computing book profit u/s. 115JB - only taxes specified in Explanation 2 can be added back while computing book...

  9. MAT computation u/s 115JB - Adjustment of resultant gains / losses of the amalgamation - Accumulated loss - cancellation of shares - Share Capital was reduced with a...

  10. Recalculation of the profit for purpose of computing the MAT u/s 115JB - Book adjustments - in the absence of any exempt income, section 14A disallowance cannot be added...

  11. The HC upheld that LTCG exempt u/s 10(38) should be included in book profits for MAT computation u/s 115JB. However, proviso to s.10(38) cannot be read to include exempt...

  12. MAT computation u/s 115JB - Action of AO including the agriculture income for the purpose of MAT is not correct - Firstly, there was no mistake in the original orders...

  13. MAT computation u/s 115JB - Bad and doubtful debts inclusion to the book profits for computation of MAT liability u/s 115JB - Whether the ITAT has committed the gross...

  14. Book profit u/s 115JB - MAT - the profit on sale of assets credited to the profit & loss account cannot be excluded while computing the Book Profit under section 115JB...

  15. MAT - reduction of income from book profit - assessee has not demonstrated that as per Schedule-VI of Companies Act, the impugned income is beyond the scope of profit of...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
H: Customs Duty Rates Under India-UAE CEPA to Change from April 2025 Thro...
H: Karnataka Urban Water Supply Drainage Board receives tax exemption und...
H: Income-tax Rules Amended: Form 3CD Gets Major Overhaul with New Report...
H: Government Amends India-Mauritius CECPA Tariff Structure with New Duty...
H: SEBI Amends REIT Regulations: Relaxed Lock-in Rules for Sponsors and N...
F: Businesses with Multiple Locations Under Same GST Number Can Use Singl...
F: CENVAT Credit Allowed Between Units Under Same PAN Despite Separate Re...
F: Restaurants Delivering Through Swiggy Eligible for GST Composition Sch...
F: Consultancy Firm Seeks Input Tax Credit for Overseas Deal; Eligibility...
F: Clarification on GST Summary Demand Orders Issued by Different Officer...
A: India's Global Impact: Economic Power, Diplomatic Ties, and Strategic ...
A: Supreme Court Rules Unlisted Claims in Resolution Plans Extinguished, ...
A: LLPs Must File Form 8 by October 30, Form 11 by May 30 to Avoid Penalt...
A: Fake Invoices in GST: Understanding Illegality, Economic Impact, and L...
A: Guide to Recycling Metal Cans, Perfume Bottles, and Packaging Material...
A: Trade Wars Escalate: Tariffs Disrupt Global Supply Chains, Raise Price...
A: Hedge Funds: High Returns, High Risk, Complex Strategies. Evolving wit...
A: CAPEXIL: Boosting India's Chemical Exports Since 1958 with RODTEP MAI ...
A: AEPC Boosts Indian Apparel Exports with Market Research, Trade Fairs, ...
A: Investor Education and Protection Fund Authority Rules 2018: Ensuring ...
A: Understanding Inverted Duty Structure: When Input GST Exceeds Output G...
A: Navigating Valuation Rules for Importing Services: GST, Customs, and I...
H: GST Assessment Order Set Aside for Lacking Document Identification Num...
H: Refund of Unutilised Input Credit Allowed After Shipping Bills Properl...
H: Penalty Under Section 271C Deleted For Bona Fide Short TDS Deduction O...
H: Additions Under Section 68 Invalid When Based on Undisclosed Investiga...
H: Reassessment Order Set Aside: AO's Failure to Follow Procedure and Com...
H: Tribunal Excludes Three IT Giants as Comparables for Transfer Pricing ...
H: Tribunal Excludes Non-Comparable Companies in Transfer Pricing Case an...
H: TDS Credit Must Follow Beneficial Owner: Sole Beneficiary Entitled to ...