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MAT Working

This query is : Resolved 
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(Querist)
25 June 2010 One Pvt. Ltd Co. has write off Goodwill in its Books of account by debiting Profit and Loss accounts. Whether for arriving MAT book profit, the Goodwill should be added back or not.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
25 June 2010 Any provision for diminution in the value of assets is to be added back.

Since this is an entire write off the same should not be added back.

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