Disallowance by a.o. of units claiming exemption u/s 10b
This query is : Resolved
21 August 2012
I am attending Income Tax Scrutiny one of my client who are having exemption u/s 10B. Now, I want to know that :
Weather Disallowance made by A.O. also increases Claim u/s 10B of Unit?
Is there any MAT liability arise due to such addition made by A.O.?
Weather Disallowance made by A.O. also increases Claim u/s 10B of Unit?
Is there any MAT liability arise due to such addition made by A.O.?
21 August 2012
Disallowance will def increase the claim u/s 10B
MAT liability arises only in the case if addition has been made as per section 115jb
Disallowance will def increase the claim u/s 10B
MAT liability arises only in the case if addition has been made as per section 115jb
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21 August 2012
It means no liability to pay MAT on disallowance of Travelling Exps.
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