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Income Tax | Madras High Court: Section 45-IC Statutory Reserve Not Deductible by NBFC

1 Oct 2026 · 1 Oct 2026By CA Sandeep KanoiSource: TaxGuru

Madras High Court held Section 45-IC statutory reserve is appropriation of profits and not deductible under normal provisions or Section 115JB. The post Madras High Court: Section 45-IC Statutory Reserve Not Deductible by NBFC appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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