Amendment to sec. 115JB to exclude MAT on share income of member of AOP is retrospective in nature

IT: Where assessee, a member of an AOP, received share of profit from AOP and claimed same as exempt under section 86, in view of insertion of clause (iic) in Explanation 1 to section 115JB by Finance Act, 2005, w.e.f. 1-4-2016, which is retrospective in nature, share income would not be included while computing total income for purpose of section 115JB

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