HC held Section 115JB inapplicable to electricity company for AY ...

Electricity company's book profits exempt from MAT for AY 2006-07.

January 17, 2025

Case Laws Income Tax HC

HC held Section 115JB inapplicable to electricity company for AY 2006-07 as accounts not prepared under Companies Act 1956. Amendment aligning Section 115JB with regulatory Acts prospective from AY 2013-14. Book profit additions u/s 115JB deleted for AY 2006-07.

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HC held Section 115JB inapplicable to electricity company for AY ...

Electricity company's book profits exempt from MAT for AY 2006-07.

January 17, 2025

Case Laws Income Tax HC

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