https://www.taxtmi.com/caselaws?id=433931 The ITAT Chennai partially allowed the appeal challenging the computation of book profits for MAT under sec.115JB of the IT Act 1961 for the assessment year 2008-09. The additions made towards income admitted for TDS credits were directed to be deleted, but the additions related to prior period expenses were sustained due to non-compliance with the Companies Act 2003 and Accounting Standards. en-us Wed, 23 Nov 2022 00:00:00 +0530 Mon, 13 Feb 2023 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433931 The ITAT Chennai partially allowed the appeal challenging the computation of book profits for MAT under sec.115JB of the IT Act 1961 for the assessment year 2008-09. The additions made towards income admitted for TDS credits were directed to be deleted, but the additions related to prior period expenses were sustained due to non-compliance with the Companies Act 2003 and Accounting Standards. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433931