Court Rules MAT Clause Timing Irrelevant in Depreciation Arrears Dispute u/s 115JB.

Court Rules MAT Clause Timing Irrelevant in Depreciation Arrears Dispute u/s 115JB. https://www.taxtmi.com/highlights?id=32983 MAT - Book adjustment u/s 115JB - arrears of depreciation - the grievance of the Revenue that the clause was inserted only in Finance Act, 2006 w.e.f. 1st April, 2007 and is not applicable for the year under consideration does not carry the issue in the present facts any further. - HC en-us Tue, 24 Jan 2017 08:36:15 +0530 Tue, 24 Jan 2017 08:36:15 +0530 TaxTMI RSS Generator Court Rules MAT Clause Timing Irrelevant in Depreciation Arrears Dispute u/s 115JB. https://www.taxtmi.com/highlights?id=32983 MAT - Book adjustment u/s 115JB - arrears of depreciation - the grievance of the Revenue that the clause was inserted only in Finance Act, 2006 w.e.f. 1st April, 2007 and is not applicable for the year under consideration does not carry the issue in the present facts any further. - HC Highlights Income Tax Tue, 24 Jan 2017 08:36:15 +0530 https://www.taxtmi.com/highlights?id=32983