MAT u/s 115JB - Reversal of provision for bad debts - ...

Reversal of bad debt provisions under Sec 115JB MAT doesn't adjust book profit if not previously increased.

October 24, 2020

Case Laws Income Tax AT

MAT u/s 115JB - Reversal of provision for bad debts - Adjustments to Book Profit - the benefit of clause (i) of Explanation 1 to section 115JB (2) will not be available to the assessee if the book profit was not increased by the amount of provision made in the year of making the provision for whatever reason. - AT

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MAT u/s 115JB - Reversal of provision for bad debts - ...

Reversal of bad debt provisions under Sec 115JB MAT doesn't adjust book profit if not previously increased.

October 24, 2020

Case Laws Income Tax AT

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