Applicability of MAT on Revaluation Reserve

Supreme Court upholding the order of the Delhi High Court, denied reduction from book profit, for the purpose of Section 115JB (Section) of the Indian Tax Law, of the amount withdrawn from revaluation reserve. This is for the reason that such reserve was not added back to the net profit in the year of creation of revaluation reserve (year of creation), in terms of the requirement of the Section. Bench: S Kapadia, K P Radhakrishnan, S Kumar IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. OF 2011 (arising out of S.L.P. (C) No. 35133 of 2009) Indo Rama...