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Income Tax - Highlights / Catch Notes

Home Highlights January 2011 Year 2011 This

MAT - As the amount of revaluation reserves had not gone to ...


No Increase in Book Profits from Revaluation Reserves; Reduction Benefit Denied.

January 7, 2011

Case Laws     Income Tax     SC

MAT - As the amount of revaluation reserves had not gone to increase the book profits at the time it was created, the benefit of reduction cannot be allowed.

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