Wednesday, June 6, 2018

Provision for doubtful debt couldn't be added while computing book profit for MAT calculation: ITAT

IT: Clause (c) of Explanation 1 to section 115JB merely speaks of making additions to book profit, only in event where provision made for meeting liabilities is not an ascertained liability

from www.taxmann.com Latest Case Laws https://ift.tt/2M2MqJt
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...