https://www.taxtmi.com/acts?id=40090 Relief is provided in the tax payable by a company under section 115JB where book profit includes past income arising from an advance pricing agreement or a secondary adjustment. The relief is computed by a prescribed formula comparing tax on book profit with and without the past income, and comparing corresponding tax for the related past year or years. Any negative figure is deemed to be zero, and the tax credit under section 115JAA is reduced by the amount of relief granted. en-us Wed, 11 Aug 2021 11:33:12 +0530 Mon, 18 May 2026 18:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40090 Relief is provided in the tax payable by a company under section 115JB where book profit includes past income arising from an advance pricing agreement or a secondary adjustment. The relief is computed by a prescribed formula comparing tax on book profit with and without the past income, and comparing corresponding tax for the related past year or years. Any negative figure is deemed to be zero, and the tax credit under section 115JAA is reduced by the amount of relief granted. Act-Rules Income Tax Wed, 11 Aug 2021 11:33:12 +0530 https://www.taxtmi.com/acts?id=40090