https://www.taxtmi.com/caselaws?id=203157 Section 115JB did not apply to a statutory electricity board that was not a company under the Companies Act and whose accounts were governed by a special statutory accounting regime, because the MAT deeming fiction depends on book profit prepared in the prescribed Companies Act manner. Section 43B also could not be used to disallow electricity duty collected from consumers and held for remittance to the State, since the sums were fiduciary collections made as statutory agent, not the assessee's own tax, duty, cess, or fee liability. The Tribunal's tax additions were therefore unsustainable, and the assessee succeeded on both issues. en-us Fri, 12 Nov 2010 00:00:00 +0530 Tue, 26 Aug 2025 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203157 Section 115JB did not apply to a statutory electricity board that was not a company under the Companies Act and whose accounts were governed by a special statutory accounting regime, because the MAT deeming fiction depends on book profit prepared in the prescribed Companies Act manner. Section 43B also could not be used to disallow electricity duty collected from consumers and held for remittance to the State, since the sums were fiduciary collections made as statutory agent, not the assessee's own tax, duty, cess, or fee liability. The Tribunal's tax additions were therefore unsustainable, and the assessee succeeded on both issues. Case-Laws Income Tax Fri, 12 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203157