N.J.Jose & Co Pvt Ltd v.ACIT2010(Ker)
Assessee claimed exemption u/s 54E /54EC.
Computatn of Book Profit u/s115J / 115JB doesn't provide for any deductn of 54E /54EC.So,Captial Gain shud b included in BookProfit for levy of MAT.
It shud b noted that LTCG exempt u/s10(38) is included for BookProfit u/s115JB
Assessee claimed exemption u/s 54E /54EC.
Computatn of Book Profit u/s115J / 115JB doesn't provide for any deductn of 54E /54EC.So,Captial Gain shud b included in BookProfit for levy of MAT.
It shud b noted that LTCG exempt u/s10(38) is included for BookProfit u/s115JB
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