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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

MAT - the question of directing the respondents to allow ...


Petitioner company denied permission to reduce brought forward losses from net profit u/s 115JB due to no unabsorbed depreciation.

July 1, 2019

Case Laws     Income Tax     HC

MAT - the question of directing the respondents to allow reduction of the brought forward losses of the petitioner company from the net profit in order to compute book profits u/s 115JB in absence of any unabsorbed depreciation in the assessment year under consideration cannot be accepted.

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