https://www.taxtmi.com/caselaws?id=279706 Section 115JB is a self-contained MAT code, so only the exclusions expressly stated in its Explanation apply; agricultural income does not expand those exclusions, and proceeds from old rubber trees cannot be left out on that basis. Employees' contribution to provident fund and welfare funds is deductible only if deposited within the statutory due date. A transfer is not a slump sale where only specified assets are sold and liabilities and other assets remain outside the transfer, with separate allocation of consideration. Shares held as investment yield capital loss, not speculation loss, and set-off of capital gains may follow. Section 14A applies only from assessment year 2007-08, and revisional action under section 263 is barred where the matter was already examined in appeal. en-us Mon, 17 Sep 2018 00:00:00 +0530 Tue, 02 Apr 2019 07:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279706 Section 115JB is a self-contained MAT code, so only the exclusions expressly stated in its Explanation apply; agricultural income does not expand those exclusions, and proceeds from old rubber trees cannot be left out on that basis. Employees' contribution to provident fund and welfare funds is deductible only if deposited within the statutory due date. A transfer is not a slump sale where only specified assets are sold and liabilities and other assets remain outside the transfer, with separate allocation of consideration. Shares held as investment yield capital loss, not speculation loss, and set-off of capital gains may follow. Section 14A applies only from assessment year 2007-08, and revisional action under section 263 is barred where the matter was already examined in appeal. Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279706