TaxTMI Login
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →Just a moment...
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →
Press 'Enter' to add multiple search terms. Rules for Better Search
Use comma for multiple locations.
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
Issues: Whether Section 115JB of the Income-tax Act, 1961 applies to banking companies.
Analysis: The appeal concerned the applicability of the Minimum Alternate Tax provisions to a banking company. The Court noted that the point had already been decided in favour of the assessee by its decision in CIT-LTU v. Union Bank of India, where Section 115JB was held inapplicable to banking companies.
Conclusion: Section 115JB of the Income-tax Act, 1961 does not apply to banking companies; the Revenue's appeal fails.
TaxTMI 
TaxTMI 
