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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

MAT - Unabsorbed depreciation is lower than the amount of ...


Assessee Can Deduct Unabsorbed Depreciation for Profit Calculation u/s 115JB of Income Tax Act.

February 20, 2018

Case Laws     Income Tax     AT

MAT - Unabsorbed depreciation is lower than the amount of brought forward losses therefore in our considered view the assessee is entitled to claim the deduction of unabsorbed depreciation while determining the profit u/s 115JB of the Act. - AT

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