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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

MAT - Book adjustment u/s 115JB - marked–to–market loss on stock ...

Case Laws     Income Tax

February 9, 2017

MAT - Book adjustment u/s 115JB - marked–to–market loss on stock in trade cannot be considered as unascertained liability Explanation 1(c) to section 115JB makes it clear that only unascertained liability can be considered for computation of book profit - AT

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