https://www.taxtmi.com/highlights?id=29429 Allowability of loss on demerger in the computation of book profit u/s 115JB - MAT - the observation of the AO that such loss could not be debited to the profit and loss account and ought to have been adjusted against the reserve of the assessee company is not Correct - AT en-us Wed, 25 May 2016 08:26:11 +0530 Wed, 25 May 2016 08:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29429 Allowability of loss on demerger in the computation of book profit u/s 115JB - MAT - the observation of the AO that such loss could not be debited to the profit and loss account and ought to have been adjusted against the reserve of the assessee company is not Correct - AT Highlights Income Tax Wed, 25 May 2016 08:26:11 +0530 https://www.taxtmi.com/highlights?id=29429