MAT - Book profit u/s 115JB - Business loss was allowable on ...

Case Laws Income Tax

September 6, 2012

MAT - Book profit u/s 115JB - Business loss was allowable on ordinary commercial principles in computing profits. - Since claim is direct loss in valuation of stock in trade and as this cannot be considered as a ‘provision’ as provided under Explanation-1 - AT

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MAT - Book profit u/s 115JB - Business loss was allowable on ...

Case Laws Income Tax

September 6, 2012

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