Dismissing the appeal of the assessee the Tribunal held that AO must modify book profit for computation of MAT in case company has not followed Accounting Standards as per provisions of Companies Act. (AY. 2013-14)
Gati Ltd. v. ACIT (2019) 175 ITD 310 (Hyd.)(Trib.)
S. 115JB : Book profit- Not following the Accounting standard –AO Must modify the book profit as per Accounting Standards as per provisions of Companies Act.