Applicability of MAT on amount withdrawn from revaluation reserve and credited to P&L account

RELEVANT PARAGRAPH

3        That the relevant provision of Section 115 JB proviso to clause-(i) of Explanation 1 reads as under:-

“115JB.—Special provision for payment of tax by certain companies

(1) Notwithstanding anything contained in any other provision of this Act, where in the case of an assessee, being a company, the income-tax, payable

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