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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

MAT computation - sick company - the assessee company’s net ...

Case Laws     Income Tax

December 17, 2018

MAT computation - sick company - the assessee company’s net worth was negative and the assessee satisfied the condition to hold the company as sick industrial company. Though the SICA was repealed w.e.f. 2003, the provision was not removed from the Income Tax Act. - assessee is entitled for relief.

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