Stock Mark-to-Market Loss Excluded from Unascertained Liabilities for Book Profit u/s 115JB.

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....MAT - Book adjustment u/s 115JB - marked–to–market loss on stock in trade cannot be considered as unascertained liability Explanation 1(c) to section 115JB makes it clear that only unascertained liability can be considered for computation of book profit - AT....