MAT U/s 115jb

HELLO FRIENDS, 



  WHILE CALCULATING BOOK PROFIT U/S 115JB IF BY MISTAKE, ADJUSTMENT OF BROUGHT B/F LOSS OR UNABSORBED DEPRECIATION  AS PER BOOKS OF ACCOUNT WAS NOT DONE FOR PY 2009-10. INCOME TAX DEPARTMENT HAVE NOT RAISED ANY QUERY UNDER INTIMATION U/S 143 AND COMPANY  ALSO GOT REFUND. NOW IN CURRENT YEAR TOO, COMPANY HAS EARNED PROFIT AND HENCE IT ALSO HAVE BOOK PROFIT. B/F LOSS WAS 50,00,000 AND BOOK PROFIT WAS 10,00,000. CURRENT YEAR BOOK PROFIT IS70,00,000 . 



NOW THE QUESTION IS WHILE DOING ADJUSTMENT OF DEDUCTING B/F LOSS OR UNABSORBED DEPRECIATION FOR THE CURRENT YEAR, WHETHER WE HAVE TO DEDUCT FULL B/F LOSS50,00,000 FROM BOOK PROFIT70,00,000 OR ONLY40,00,000 (NOTIONALLY ADJUSTING10,00,000 OF P.Y. 2009-10)  FROM BOOK PROFIT70,00,000 IN P.Y. 2010-2011?