Co. would be eligible to reduce losses forming part of books of account while computing book profit for MAT: ITAT

INCOME TAX : Losses (both cash loss and depreciation loss) would continue to remain in books of account till it is wiped off by earning profits by assessee company and, accordingly, same would be available for reduction from book profits under section 115JB

from www.taxmann.com Latest Case Laws https://ift.tt/3hnpFjY