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Income Tax - Highlights / Catch Notes

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MAT - Exclusion of undisclosed income from the book profit ...


AO Can't Alter Compliant Accounts for Book Profits u/s 115JB; Ensures Financial Statement Integrity.

May 27, 2016

Case Laws     Income Tax     AT

MAT - Exclusion of undisclosed income from the book profit computed u/s 115JB - AO has no power to tinker with the accounts of the assessee, which have been prepared in accordance with Part-II of schedule-VI to the Companies Act. - AT

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