An exempt income can’t be considered for the purpose of computation of book profit u/s 115JB: ITAT

INCOME TAX: When a particular receipt is exempt from tax under Income tax law, then same cannot be considered for purpose of computation of book profit under section 115JB of the Income-tax Act 1961

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000192121/an-exempt-income-can’t-be-considered-for-the-purpose-of-computation-of-book-profit-us-115jb-itat.aspx