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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

MAT - Preparation of P&L Account in violation of AS or not for ...


High Court Rules No Adjustments Allowed for Interest Waiver in Book Profits u/s 115JA(6) of Income Tax Act.

January 6, 2015

Case Laws     Income Tax     HC

MAT - Preparation of P&L Account in violation of AS or not for determination of book profits u/s 115JA(6) - adjustment towards waiver of interest as part of acceptance of OTS - No adjustment is possible on this account - HC

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