MAT computation u/s 115JB - assessee has received excise refund ...

Case Laws Income Tax

October 15, 2022

MAT computation u/s 115JB - assessee has received excise refund and interest subsidy which have been claimed as capital receipts - But since a receipt is not in the nature of income at all, it cannot be included in book profit for the purpose of computation u/s 115JB and accordingly held that interest in power subsidy under the scheme have to be excluded while computing book profits u/s 115JB. - AT

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MAT computation u/s 115JB - assessee has received excise refund ...

Case Laws Income Tax

October 15, 2022

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