_:ne003cd52b39f43f083a9e6251b021da7xb0
<http://schema.org/description>
"Under the erstwhile Income Tax Act, 1961, MAT was levied u/s. 115 JB on book profits. The idea of levying MAT on book profits was to ensure that the entity pays tax at least on book profits even though the tax payable by it under the Income Tax Act c"
<https://www.caclubindia.com/articles/mat-tax-on-gross-assets-whether-fair-and-logical--2993.asp>