Court Rules Against Recomputing Book Profit u/s 115JB; Assessee's Accounts Found Accurate for Excise Duty Provision.

Court Rules Against Recomputing Book Profit u/s 115JB; Assessee's Accounts Found Accurate for Excise Duty Provision. https://www.taxtmi.com/highlights?id=58459 MAT computation u/s 115JB - provision made for payment of Excise duty - there is no mistake in the accounts of the assessee and the lower authorities are not justified in rejecting the book profit as per the accounts maintained in terms of Part II and III of Schedule VI of the Companies Act, 1956 as certified by the Accountant and, thereby, recomputing the book profit in terms of section 115JB - AT en-us Tue, 22 Jun 2021 13:37:42 +0530 Tue, 22 Jun 2021 13:37:42 +0530 TaxTMI RSS Generator Court Rules Against Recomputing Book Profit u/s 115JB; Assessee's Accounts Found Accurate for Excise Duty Provision. https://www.taxtmi.com/highlights?id=58459 MAT computation u/s 115JB - provision made for payment of Excise duty - there is no mistake in the accounts of the assessee and the lower authorities are not justified in rejecting the book profit as per the accounts maintained in terms of Part II and III of Schedule VI of the Companies Act, 1956 as certified by the Accountant and, thereby, recomputing the book profit in terms of section 115JB - AT Highlights Income Tax Tue, 22 Jun 2021 13:37:42 +0530 https://www.taxtmi.com/highlights?id=58459