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

Business Losses Deductible from Book Profits u/s 115JB for MAT; Stock Valuation Losses Not a 'Provision'.

September 6, 2012

Case Laws Income Tax AT

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 ...

Business Losses Deductible from Book Profits u/s 115JB for MAT; Stock Valuation Losses Not a 'Provision'.

September 6, 2012

Case Laws Income Tax AT

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