When the assessee had determined the realizable value of stock, ...

Assessee must adjust book profit u/s 115JB for stock value differences in profit and loss statement.

September 22, 2016

Case Laws Income Tax AT

When the assessee had determined the realizable value of stock, the difference, has to be written off from the books. For the purpose of section 115JB, the book profit will be ascertained after making certain adjustments to the profit declared in the profit & loss. - AT

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When the assessee had determined the realizable value of stock, ...

Assessee must adjust book profit u/s 115JB for stock value differences in profit and loss statement.

September 22, 2016

Case Laws Income Tax AT

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