2013 (10) TMI 1223

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..... dv. For the Respondent: Mr. R. Bharadwaj, Adv. JUDGEMENT The Court : The question for consideration in both the appeals is whether rebate under Section 88E in respect of securities transaction tax is admissible in a case where the income is assessed under the concept of minimum alternative tax under Section 115 JB of the Income Tax Act. Mr. Khaitan, learned senior advocate happened to be presen .....

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..... ady paid. This is the mode in which tax already paid is handed back at the time of final computation." We are of the opinion that the views expressed by the Karnataka High Court are reasonable and are also adopted by us. The questions are accordingly answered. Both the appeals are thus disposed of. Urgent xerox certified copy of this order, if applied for, be supplied to the parties subject to c .....

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