https://www.taxtmi.com/caselaws?id=71912 The Tribunal upheld the Commissioner of Income-tax (Appeals)' decision to allow the deletion of Rs. 15,03,991 from the book profit for computing Minimum Alternate Tax (MAT) liability under section 115JB of the Income Tax Act, 1961. The appeal by the Revenue challenging the excess provision of depreciation written back was dismissed, as the Tribunal found that the amount written back had increased profits for the relevant years, meeting the conditions for reduction as per Explanation 1 to section 115JB. The Tribunal's decision was supported by precedent and accounting principles, affirming the assessee's position in the case. en-us Tue, 30 Sep 2008 00:00:00 +0530 Thu, 28 Apr 2011 10:24:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71912 The Tribunal upheld the Commissioner of Income-tax (Appeals)' decision to allow the deletion of Rs. 15,03,991 from the book profit for computing Minimum Alternate Tax (MAT) liability under section 115JB of the Income Tax Act, 1961. The appeal by the Revenue challenging the excess provision of depreciation written back was dismissed, as the Tribunal found that the amount written back had increased profits for the relevant years, meeting the conditions for reduction as per Explanation 1 to section 115JB. The Tribunal's decision was supported by precedent and accounting principles, affirming the assessee's position in the case. Case-Laws Income Tax Tue, 30 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71912