Sec. 115JB of Income Tax Act, 1961—MAT— Loss cannot be equated with expenditure and the provisions u/s 115JB doesn’t envisage enhancement of taxable profits by adding the loss incurred in redemption of mutual fund for the purpose of Section 115JB- Loss incurred by on account of dividend stripping dealt under sub-Section 7 of Section 97 cannot be applied for the purpose of computing business profit in terms of Section 115JB- Loss on purchase and redemption of mutual funds cannot be treated as an expenditure relatable to earning of dividend and the provisions relating to dividends stripping and allowability of consequent loss u/s 94(7) are different from the Clause (f) of Explanation 1 to the Section 115JB. - HESPERA REALTY PVT. LTD. V/s DEPUTY CIT - [2020] 82 ITR (TRIB) 557 (ITAT-DELHI)