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

FCS Deepak Pratap Singh , Last updated: 18 March 2022
Share

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

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)

Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)

Published by

FCS Deepak Pratap Singh
(Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.))
Category Income Tax Report

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

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

Stay updated! Stay ads free

Original Price : INR 2999/-

Offer Price : INR 1999/-

Related Articles

Popular Articles

Meet our PRO Members

Trending Online Classes

Browse by Category