Case Law Details
Case Name : Growth Avenue Securities Pvt. Ltd. Vs DCIT (ITAT Delhi 'I' Bench)
Related Assessment Year :
Courts :
All ITAT ITAT Delhi
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RELEVANT PARAGRAPH
16. In the present case, it is not in dispute that the long term capital gain earned by the assessee is included in the net profit determined as per P&L account prepared as per Part II and Part III of Schedule VI to the Companies Act. In other words, it is not the case of die assessee that the capital gain earned by the assessee was not included in the net profit determined as per P&L account of the assessee prepared under the Companie
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Company sold an old fixed asset having nominal value in books, resulted in long term capital gain as wells as MAT?
Whether the company has to pay both the long term capital gain tax and MAT simultaneously?