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Income Tax - Highlights / Catch Notes

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MAT - Computation of book profits for the purpose of MAT under ...

Case Laws     Income Tax

February 14, 2023

MAT - Computation of book profits for the purpose of MAT under the provisions of sec.115JB - Assessee has not prepared its accounts in accordance with Part-II & III of Schedule-VI of Companies Act, 1956, and thus, the AO is very well empowered to re-compute book profit for the purpose of Sec.115JB of the Act. - AT

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