https://www.taxtmi.com/caselaws?id=60027 Section 115JB permits only the specific adjustments listed in its Explanation to arrive at book profit. Deferred tax liability recognised under Accounting Standard 22, being a timing-difference item and not income-tax payable, a reserve, or an unascertained liability, cannot be added back. Tax paid under section 115-O on distributed dividends is likewise a levy on profit distribution and not income-tax paid or payable on income earned, so it also cannot be added back. The stated position is that both items fall outside the permitted MAT adjustments and therefore do not increase book profit. en-us Fri, 09 Mar 2007 00:00:00 +0530 Wed, 31 Jan 2024 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60027 Section 115JB permits only the specific adjustments listed in its Explanation to arrive at book profit. Deferred tax liability recognised under Accounting Standard 22, being a timing-difference item and not income-tax payable, a reserve, or an unascertained liability, cannot be added back. Tax paid under section 115-O on distributed dividends is likewise a levy on profit distribution and not income-tax paid or payable on income earned, so it also cannot be added back. The stated position is that both items fall outside the permitted MAT adjustments and therefore do not increase book profit. Case-Laws Income Tax Fri, 09 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60027