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).
source https://www.caclubindia.com/articles/capital-gains-cannot-be-considered-while-calculating-book-profit-for-section-115jb-46899.asp
source https://www.caclubindia.com/articles/capital-gains-cannot-be-considered-while-calculating-book-profit-for-section-115jb-46899.asp
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