Court Rules MAT Clause Timing Irrelevant in Depreciation Arrears Dispute u/s 115JB.

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....MAT - Book adjustment u/s 115JB - arrears of depreciation - the grievance of the Revenue that the clause was inserted only in Finance Act, 2006 w.e.f. 1st April, 2007 and is not applicable for the year under consideration does not carry the issue in the present facts any further. - HC....