https://www.taxtmi.com/highlights?id=54881 MAT Computation - when the ld. CIT(A) is satisfied that the income which is exempt u/s. 10 of the Act is included in the book profit u/s. 115JB, which should not be done, the ld. CIT(A) is justified in directing Assessing Officer to follow the law and to compute the tax in accordance with provisions of section 115JB by reducing the amount of income to which section 10 applies, if such amount is credited to the profit and loss account. The action of the ld. CIT(A) is perfectly legal and does not suffer any infirmity. - AT en-us Wed, 23 Sep 2020 10:57:12 +0530 Wed, 23 Sep 2020 10:57:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54881 MAT Computation - when the ld. CIT(A) is satisfied that the income which is exempt u/s. 10 of the Act is included in the book profit u/s. 115JB, which should not be done, the ld. CIT(A) is justified in directing Assessing Officer to follow the law and to compute the tax in accordance with provisions of section 115JB by reducing the amount of income to which section 10 applies, if such amount is credited to the profit and loss account. The action of the ld. CIT(A) is perfectly legal and does not suffer any infirmity. - AT Highlights Income Tax Wed, 23 Sep 2020 10:57:12 +0530 https://www.taxtmi.com/highlights?id=54881