https://www.taxtmi.com/article/detailed?id=125 Book profit for MAT purposes is the net profit shown in a profit and loss account prepared under section 211 read with Parts II and III of Schedule VI and applicable accounting standards; notes on accounts and auditor qualifications are integral and, where they disclose deviations, unprovided liabilities, disputed demands or misclassifications (for example capital receipts), the Assessing Officer must adjust the profit to reflect Schedule VI treatment before applying the statutory add backs and deductions under sections 115J/115JA/115JB. en-us Thu, 31 Jul 2008 00:00:00 +0530 Fri, 06 Mar 2009 18:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=125 Book profit for MAT purposes is the net profit shown in a profit and loss account prepared under section 211 read with Parts II and III of Schedule VI and applicable accounting standards; notes on accounts and auditor qualifications are integral and, where they disclose deviations, unprovided liabilities, disputed demands or misclassifications (for example capital receipts), the Assessing Officer must adjust the profit to reflect Schedule VI treatment before applying the statutory add backs and deductions under sections 115J/115JA/115JB. Articles Income Tax Thu, 31 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=125