https://www.taxtmi.com/forum/issue?id=3217 The MAT regime is a self-contained code requiring book-profit adjustments for expenses attributable to exempt-income streams; assessment-stage disallowances under the normal-income disallowance provisions should not be mechanically imported into MAT computation, and expenses relating to exempt long-term capital gains must be considered separately when adjusting book profit. en-us Mon, 25 Jul 2011 08:08:07 +0530 Thu, 23 Jan 2025 15:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3217 The MAT regime is a self-contained code requiring book-profit adjustments for expenses attributable to exempt-income streams; assessment-stage disallowances under the normal-income disallowance provisions should not be mechanically imported into MAT computation, and expenses relating to exempt long-term capital gains must be considered separately when adjusting book profit. Discussion-Forum Income Tax Mon, 25 Jul 2011 08:08:07 +0530 https://www.taxtmi.com/forum/issue?id=3217