https://www.taxtmi.com/highlights?id=59223 MAT - Addition of debenture redemption reserve in computing Book profit u/s. 115JB - mere fact that the debenture redemption reserve is labeled as a reserve will not render it as a reserve and an amount which is retained by way of providing a known liability is not a reserve within the meaning of explanation (b) of section 115JA / 115JB of the Act. - AT en-us Mon, 16 Aug 2021 09:14:00 +0530 Mon, 16 Aug 2021 09:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59223 MAT - Addition of debenture redemption reserve in computing Book profit u/s. 115JB - mere fact that the debenture redemption reserve is labeled as a reserve will not render it as a reserve and an amount which is retained by way of providing a known liability is not a reserve within the meaning of explanation (b) of section 115JA / 115JB of the Act. - AT Highlights Income Tax Mon, 16 Aug 2021 09:14:00 +0530 https://www.taxtmi.com/highlights?id=59223