Taxpayer's Method of Prioritizing Loss Set-Off Over Depreciation Misaligns with Clause (iii) of Section 115JB Purpose.

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....MAT - book profit adjustments - the methodology adopted by the assessee to prioritise set off of unabsorbed loss regardless of unabsorbed depreciation being lower is not in tune with the aim and object of Clause (iii) to Explanation 1 of Section 115JB of the Act.....