2022 (7) TMI 1404 - SCH - Income Tax

MAT applicability on bank - Tribunal held that the assessee-Bank cannot be considered as a Company - Section 115JB applicability to assessee Bank for MAT purposes - HC decided issue in favour of assessee - HELD THAT - Leave granted.

Summary

The Supreme Court of India granted leave and tagged the case with Civil Appeal No. 520 of 2021. Justices D.Y. Chandrachud and A.S. Bopanna presided over the case. Petitioner represented by Mr. Balbir Singh, ASG, Mr. Arijit Prasad, Sr. Adv., and others.