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Income Tax - Highlights / Catch Notes

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MAT Computation u/s 115JB - Tribunal held that the capital ...


Capital Profits from Land Sales Excluded from MAT Calculation, High Court Upholds Tribunal's Decision u/s 115JB.

September 7, 2020

Case Laws     Income Tax     HC

MAT Computation u/s 115JB - Tribunal held that the capital profits on sale of land, which are credited to the capital reserves account in the balance sheet, are not to be included under the book profits for the purpose of Section 115J? - Order of tribunal sustained - HC

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