https://www.taxtmi.com/highlights?id=68294 MAT computation - Disallowance of Debenture Redemption Reserve[DRR] - it is not the Assessing Officer who has ‘increased’ the amount of Net Profits, on the contrary it is the Appellant who had ‘reduced’ the Net Profits as shown in the audited Profit & Loss Account prepared as per the provisions of the Companies Act by the amount of Debenture Redemption Reserve created during the relevant previous year - Additions confirmed - AT en-us Thu, 16 Feb 2023 08:49:06 +0530 Thu, 16 Feb 2023 08:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68294 MAT computation - Disallowance of Debenture Redemption Reserve[DRR] - it is not the Assessing Officer who has ‘increased’ the amount of Net Profits, on the contrary it is the Appellant who had ‘reduced’ the Net Profits as shown in the audited Profit & Loss Account prepared as per the provisions of the Companies Act by the amount of Debenture Redemption Reserve created during the relevant previous year - Additions confirmed - AT Highlights Income Tax Thu, 16 Feb 2023 08:49:06 +0530 https://www.taxtmi.com/highlights?id=68294