MAT on sale on industrial property by private limited company

As per section 115JB of Income Tax Act 1961, MAT Shall apply to all companies including foreign companies subject to specified conditions. MAT shall be paid @ 15% on book profits. To calculate Book profits Some adjustements are required to make additions or deletions from Net profit of a company. Since, in your case transferring unit fulfills transfer definition u/s 2(47) and hence Capital gain shall attract. While calculating MAT, Gain on sale of property does not affect the book profit u/s 115JB. You can ignore this adjustment while calculating book profit.