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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Minimum Alternate Tax (MAT) - Adjustment to book profit u/s ...


Assessing Officer's Order u/s 154 Invalid; Deductions for Sick Industrial Company's Losses Upheld u/s 115JB.

August 14, 2013

Case Laws     Income Tax     AT

Minimum Alternate Tax (MAT) - Adjustment to book profit u/s 115JB - Adjustment of loss to sick industrial company - A.O. on long drawn process of reasoning should not have passed the order under Section 154 of the Act - whatever amount was reduced from the profit of business on account of loss to sick industrial company were in accordance with law. - AT

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