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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Book profit for the purpose of MAT (Minimum alternate Tax) - The ...

Case Laws     Income Tax

August 14, 2013

Book profit for the purpose of MAT (Minimum alternate Tax) - The lower of the solitary figures of the unabsorbed depreciation or loss brought forward for all the earlier years taken together is to be reduced for the purposes of computing book profit u/s 115 JB of the Act. - Decided against the revenue. - AT

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