https://www.taxtmi.com/caselaws?id=2483 The Authority for Advance Rulings held that the provision for foreign taxes made by the applicant's foreign branches should be added to the book profit for Minimum Alternate Tax (MAT) purposes under section 115JA of the Income-tax Act. The ruling emphasized that section 115JA applies uniformly to all companies, and including foreign tax provisions aligns with the legislative intent to ensure profit-making companies pay a minimum tax. The decision was rendered on November 29, 2007, affirming the inclusion of the provision for foreign taxes in the book profit calculation. en-us Thu, 29 Nov 2007 00:00:00 +0530 Thu, 31 Jul 2008 09:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2483 The Authority for Advance Rulings held that the provision for foreign taxes made by the applicant's foreign branches should be added to the book profit for Minimum Alternate Tax (MAT) purposes under section 115JA of the Income-tax Act. The ruling emphasized that section 115JA applies uniformly to all companies, and including foreign tax provisions aligns with the legislative intent to ensure profit-making companies pay a minimum tax. The decision was rendered on November 29, 2007, affirming the inclusion of the provision for foreign taxes in the book profit calculation. Case-Laws Income Tax Thu, 29 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2483