Capital gains cannot be considered while calculating book profit for Section 115JB

FCS Deepak Pratap Singh | Last updated: 18 March 2022

Pr. CIT Vs. Bhagwan Industries Limited (ITA No. 436 of 2015,18th July, 2017) THE BOMBAY HIGH COURT HELD THAT- Capital Gain credited to Capital Reserve Account instead of Profit Loss Account cannot be considered while computing Book Profit for the provision of Section 115JB (MAT). BRIEF F

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About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, MyselfFCSDeepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP, ID) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Independent Director ,Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited I ... Read more

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