MAT computation - Book adjustments - Liability of interest on ...

Interest on Turnover Tax is Ascertained Liability, Not Added to Book Profit under IT Act Section 115J.

March 7, 2017

Case Laws Income Tax AT

MAT computation - Book adjustments - Liability of interest on turnover tax - whether an allowable expenditure for computing book profit? - the provisions for interest on turnover tax is determined as an ascertained liability and once it is so, the same cannot be added to the book profit u/s. 115J - AT

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MAT computation - Book adjustments - Liability of interest on ...

Interest on Turnover Tax is Ascertained Liability, Not Added to Book Profit under IT Act Section 115J.

March 7, 2017

Case Laws Income Tax AT

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