Supreme Court Rulings


Allowability of deduction u/s 80HHC from Book Profit under MAT

The Honourable Supreme Court in the case Ajanta Pharma Ltd held that 100% of the eligible export profits earned by the assessee were eligible for reduction under clause (iv) of Explanation to Sectio...View More

"Revaluation Reserve" under MAT provisions.

Credit to the P&L account for withdrawal from "Revaluation reserve" cannot be reduced in computing "book profit" for MAT: SC...View More