https://www.taxtmi.com/news?id=19335 The Central Board of Direct Taxes permits a full reduction of accumulated losses and unabsorbed depreciation from book profit for the purposes of Minimum Alternate Tax where a company has had an application for corporate insolvency resolution process admitted by the adjudicating authority; the allowance applies from the assessment year noted by the Board and alters the MAT computation by permitting total loss brought forward, including unabsorbed depreciation, to be deducted from book profit for eligible companies. en-us Sat, 06 Jan 2018 18:45:13 +0530 Sat, 06 Jan 2018 18:45:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19335 The Central Board of Direct Taxes permits a full reduction of accumulated losses and unabsorbed depreciation from book profit for the purposes of Minimum Alternate Tax where a company has had an application for corporate insolvency resolution process admitted by the adjudicating authority; the allowance applies from the assessment year noted by the Board and alters the MAT computation by permitting total loss brought forward, including unabsorbed depreciation, to be deducted from book profit for eligible companies. News - Sat, 06 Jan 2018 18:45:13 +0530 https://www.taxtmi.com/news?id=19335