Computation of MAT - the contribution to the Molasses reserve ...

Molasses Reserve Fund Contributions Count as Provisions, Not Liabilities, u/s 115JB for MAT Calculation.

March 28, 2015

Case Laws Income Tax AT

Computation of MAT - the contribution to the Molasses reserve fund can be viewed as a provision in nature and it is not an actual liability and the provision created for additional storage facility is obviously in the nature of provision for contingent liability, therefore, the impugned amount being contingent in nature deserves to be added back while computing income u/s 115JB - AT

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Computation of MAT - the contribution to the Molasses reserve ...

Molasses Reserve Fund Contributions Count as Provisions, Not Liabilities, u/s 115JB for MAT Calculation.

March 28, 2015

Case Laws Income Tax AT

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