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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

MAT applicability - whether the provisions of section 115JB of ...

Case Laws     Income Tax

February 16, 2016

MAT applicability - whether the provisions of section 115JB of the Act are applicable to the assessee being a Corporation established under Damodar Valley Corporation Act, 1948 for the Asst Years 2008- 09 and 2009-10 - Held No - AT

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  4. MAT applicability - Provisions of sec.115JB are not applicable to the banking company - AT

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  10. The issue pertains to the disallowance of excess Minimum Alternate Tax (MAT) credit u/s 115JAA and whether the amount of surcharge and education cess should be reduced...

  11. MAT applicability to the assessee Banking Companies u/s 115JB - the provisions of Section 115JB(2) of the Act do not apply to the Banking companies.

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