HC to examine exclusion of SEZ profits for MAT purposes u/s. 115JB(6)

Nov 27,2018

Bombay HC admits Revenue’s appeal against ITAT order holding that assessee’s Sec 10A profit from SEZ unit was not liable to MAT u/s 115JB in terms of Sec. 115JB(6) for AY 2009-10; ITAT had rejected Revenue’s stand that since Sec. 115JB(6) was inserted by Special Economic Zones Act, 2005, along with section 10AA, Sec. 115JB(6) was applicable only to Sec. 10AA units and not to Sec. 10A units; Revenue had also claimed that due to amendment in clause (f) and (ii...


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