https://www.taxtmi.com/highlights?id=64232 Computation of profit u/s 115JB - scope of MAT provisions - inclusion/ exclusion of profits of sick industrial company -Such positive Book-Profits start arising to the assessee only from year ending 31.03.2010 after it become non-sick company and accordingly, the adjustment of brought forward business losses or depreciation would start from that year only. - the assessee has correctly adjusted the brought forward losses and depreciation as tabulated above and lower authorities are not justified in disturbing the same. - AT en-us Thu, 23 Jun 2022 15:28:15 +0530 Thu, 23 Jun 2022 15:28:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64232 Computation of profit u/s 115JB - scope of MAT provisions - inclusion/ exclusion of profits of sick industrial company -Such positive Book-Profits start arising to the assessee only from year ending 31.03.2010 after it become non-sick company and accordingly, the adjustment of brought forward business losses or depreciation would start from that year only. - the assessee has correctly adjusted the brought forward losses and depreciation as tabulated above and lower authorities are not justified in disturbing the same. - AT Highlights Income Tax Thu, 23 Jun 2022 15:28:15 +0530 https://www.taxtmi.com/highlights?id=64232