https://www.taxtmi.com/highlights?id=36986 MAT - computing the book profits u/s 115JB - The depreciation to be allowed while working the book profits is always as per the Companies Act and the depreciation should not be reduced as is done in the normal assessments by substituting the depreciation claimed under the Companies Act by the depreciation allowable under the Act. - AT en-us Sat, 25 Nov 2017 09:06:29 +0530 Sat, 25 Nov 2017 09:06:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36986 MAT - computing the book profits u/s 115JB - The depreciation to be allowed while working the book profits is always as per the Companies Act and the depreciation should not be reduced as is done in the normal assessments by substituting the depreciation claimed under the Companies Act by the depreciation allowable under the Act. - AT Highlights Income Tax Sat, 25 Nov 2017 09:06:29 +0530 https://www.taxtmi.com/highlights?id=36986