https://www.taxtmi.com/caselaws?id=282599 The High Court held that the deduction under Section 80HHC in a Minimum Alternate Tax (MAT) assessment should be calculated based on adjusted book profits under Section 115JB. Following the precedent set in a previous case, the Court ruled that deductions under Section 80HHC should be computed based on adjusted book profits. Additionally, the Court allowed the levying of interest under Section 234-D for the period prior to 01.06.2003, based on the retrospective application of the relevant section. The appeal filed by the Revenue was partially allowed, with the Court ruling in favor of the Revenue on the substantial legal questions presented. en-us Wed, 14 Nov 2018 00:00:00 +0530 Wed, 14 Aug 2019 06:53:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282599 The High Court held that the deduction under Section 80HHC in a Minimum Alternate Tax (MAT) assessment should be calculated based on adjusted book profits under Section 115JB. Following the precedent set in a previous case, the Court ruled that deductions under Section 80HHC should be computed based on adjusted book profits. Additionally, the Court allowed the levying of interest under Section 234-D for the period prior to 01.06.2003, based on the retrospective application of the relevant section. The appeal filed by the Revenue was partially allowed, with the Court ruling in favor of the Revenue on the substantial legal questions presented. Case-Laws Income Tax Wed, 14 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282599