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Court Rules Against Recomputing Book Profit u/s 115JB; Assessee's Accounts Found Accurate for Excise Duty Provision.
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....MAT computation u/s 115JB - provision made for payment of Excise duty - there is no mistake in the accounts of the assessee and the lower authorities are not justified in rejecting the book profit as per the accounts maintained in terms of Part II and III of Schedule VI of the Companies Act, 1956 as certified by the Accountant and, thereby, recomputing the book profit in terms of section 115JB - AT....