https://www.taxtmi.com/caselaws?id=798852 Section 10(38) addresses exemption of long-term capital gains, while Section 115JB governs computation of book profits for minimum alternate tax. The relevant interpretive issue concerns the proviso to Section 10(38) and whether gains excluded from total income must nevertheless be included in book profits for MAT purposes. The subject therefore distinguishes ordinary total-income computation from the statutory treatment of exempt capital gains under the MAT regime. en-us Wed, 02 Sep 2026 00:00:00 +0530 Sat, 12 Sep 2026 08:41:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798852 Section 10(38) addresses exemption of long-term capital gains, while Section 115JB governs computation of book profits for minimum alternate tax. The relevant interpretive issue concerns the proviso to Section 10(38) and whether gains excluded from total income must nevertheless be included in book profits for MAT purposes. The subject therefore distinguishes ordinary total-income computation from the statutory treatment of exempt capital gains under the MAT regime. Case-Laws Income Tax Wed, 02 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798852