Section 80E Exemption: Tax Deduction for Business Profits from Taxable Securities Transactions Under MAT, Subject to Section 88E Conditions.

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....Exemption u/s 80E - only as much of tax under the MAT provisions which relates to the income, though based on book profit, attributable to the profits of the assessee's business arising from taxable securities transactions, would stand to be allowed, in view of the qualifying condition of section 88E - AT....