https://www.taxtmi.com/article/detailed?id=594 Amendments require that amounts set aside as provision for diminution in value of any asset be added back when computing book profit for MAT; the clauses operate retrospectively, are broadly worded to cover any asset, exclude actual write offs, have been applied by courts while drawing criticism for lack of reasons and retrospective unsettlement, and may be challenged by writ or focused litigation on scope and constitutional validity. en-us Wed, 09 Dec 2009 00:00:00 +0530 Wed, 09 Dec 2009 21:18:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=594 Amendments require that amounts set aside as provision for diminution in value of any asset be added back when computing book profit for MAT; the clauses operate retrospectively, are broadly worded to cover any asset, exclude actual write offs, have been applied by courts while drawing criticism for lack of reasons and retrospective unsettlement, and may be challenged by writ or focused litigation on scope and constitutional validity. Articles Income Tax Wed, 09 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=594