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Rent Equalization Reserve Added to Book Profits for MAT Calculation u/s 115JB; Accounting Standard 19 Not Applicable.

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....MAT computation - adding back Rent equalisation reserve to the book profits - AS 19 is not applicable to lease of immovable property. - AO rightly added back the rent equalization reserve debited to Profit & Loss Account while computing the book profit for the purposes of section 115JB - AT....

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