Friday, March 13, 2020

Restriction on carrying forward of losses beyond 8 years isn't applicable in computing book profit under MAT

INCOME TAX: Restriction contained in section 72 on carrying forward of unabsorbed business losses for more than 8 years does not apply while computing adjusted book profits under section 115JB

from www.taxmann.com Latest Case Laws https://ift.tt/2wS53gc
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