Friday 4 December 2015

Disallowance made under sec. 14A has to be added back to book profit to compute MAT

IT: In terms of clause (f) to Explanation 1 to section 115JB(2), disallowance made by Assessing Officer under section 14A, read with rule 8D of Income-tax Rules 1962, has to be added back for purpose of arriving at figure of book profit

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