Penalty u/s 271(1)(c) - MAT - Book profit u/s 115JB - The ...
Penalty u/s 271(1)(c) Not Imposed for Debatable MAT and Book Profit Issues u/s 115JB.
September 5, 2019
Case Laws Income Tax AT
Penalty u/s 271(1)(c) - MAT - Book profit u/s 115JB - The inclusion or otherwise of the capital gains in the capital reserve account directly without routing it through the profit and loss account is a debatable issue and no penalty can be levied basing on that issue. - AT
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