https://www.taxtmi.com/caselaws?id=776440 The ITAT Delhi held that prior period and extraordinary items, though shown separately in the profit and loss account under Section 115JA(2), form part of the net profit for MAT computation under Section 115JB. The assessee's approach of not adding back prior period expenses to book profits was upheld since these items are subsumed within net profit and must be disclosed separately to reflect their impact but cannot be excluded from net profit calculation. The appeal was allowed. en-us Wed, 06 Aug 2025 00:00:00 +0530 Fri, 08 Aug 2025 10:50:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776440 The ITAT Delhi held that prior period and extraordinary items, though shown separately in the profit and loss account under Section 115JA(2), form part of the net profit for MAT computation under Section 115JB. The assessee's approach of not adding back prior period expenses to book profits was upheld since these items are subsumed within net profit and must be disclosed separately to reflect their impact but cannot be excluded from net profit calculation. The appeal was allowed. Case-Laws Income Tax Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776440