MAT - Adjustments to Book Profit - CIT(A) failed to consider the ...
Tax Authority's Error: Improper Book Profit Adjustments Violating Section 115JB Precedent by Reducing Fixed Asset Sale Profits.
September 28, 2019
Case Laws Income Tax AT
MAT - Adjustments to Book Profit - CIT(A) failed to consider the binding precedent and allowed the adjustment beyond what is provided in Explanation to Section 115JB by reducing the profit on sale of fixed assets which was credited by the assessee company to its profit and loss account.
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