Advance Against Depreciation (AAD) is not a reserve so section 115JB not applicable

RELEVANT PARAGRAPH

9. We quote herein below Explanation- ! to Section 115JB of the 1961 Act which reads as under:

Explanation 1 – For the purposes of this section, “book profit” means the net profit as shown in the profit and loss account for the relevant previous year prepared under sub-section (2), as increased by~

(a) xxx

(b) the amoun

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