Exp. attributable to exempt income to be added back for MAT computation without resorting to sec. 14A disallowances

INCOME TAX : Where assessee, carrying on trading activities in stock and commodities, made provision for mark to market loss on trading in derivative and claimed loss as deductable business expenditure, even though loss was not finally crystallized as per prudent and regular system of accounting, loss had to be accounted for and, thus, same should be allowed

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