Court Approves Lease Equalization Charges Deduction for MAT Computation; Aligns with Companies Act Section 211(2) Requirements.

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....MAT computation - deduction of lease equalization charges while computing book profit - we cannot find fault with the assessee debiting lease equalization charges in the AYs in issue, in its profit and loss account. It represents a true and fair view of the accounts, which is a statutory requirement u/s 211(2) of the Companies Act. - HC....