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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

MAT - Book Adjustments - assessee that brought forward business ...


Assessee Can Include Merging Companies' Losses and Depreciation for Book Profit Calculations u/s 115JB.

July 1, 2015

Case Laws     Income Tax     AT

MAT - Book Adjustments - assessee that brought forward business losses and depreciation of the merging companies is a part of the brought forward business loss and depreciation of Dhariwal Industries Ltd and the assessee is entitled to take into account the same for the purpose of computation of book profit u/s.115JB. - AT

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