Assessing Officer Must Independently Calculate Loss or Unabsorbed Depreciation Each Year u/s 115JB for MAT Deduction.

Assessing Officer Must Independently Calculate Loss or Unabsorbed Depreciation Each Year u/s 115JB for MAT Deduction. https://www.taxtmi.com/highlights?id=2971 MAT - book profit u/s. 115JB - AO is required to determine amount of loss brought forward or unabsorbed depreciation for each of years without taking said adjustment into consideration and allow deduction in respect of lesser of two amounts. - HC en-us Tue, 21 Feb 2012 09:08:06 +0530 Tue, 21 Feb 2012 09:08:06 +0530 TaxTMI RSS Generator Assessing Officer Must Independently Calculate Loss or Unabsorbed Depreciation Each Year u/s 115JB for MAT Deduction. https://www.taxtmi.com/highlights?id=2971 MAT - book profit u/s. 115JB - AO is required to determine amount of loss brought forward or unabsorbed depreciation for each of years without taking said adjustment into consideration and allow deduction in respect of lesser of two amounts. - HC Highlights Income Tax Tue, 21 Feb 2012 09:08:06 +0530 https://www.taxtmi.com/highlights?id=2971