Section 115JB(2B): MAT Calculation Ignores Value Changes in Assets/Liabilities After Demerger for Book Profits Consistency.

In the context of Section 115JB(2B) regarding Minimum Alternate Tax (MAT), when a resulting company receives properties and liabilities from a demerged company at values differing from those in the demerged company's books prior to the demerger, these value changes are disregarded in calculating the resulting company's book profits. This provision, effective from April 1, 2017, ensures consistency in the computation of book profits for tax purposes, ignoring discrepancies in asset and liability valuations due to the demerger process.