https://www.taxtmi.com/caselaws?id=208954 The Tribunal dismissed the appeal, ruling that capital gains from the sale of assets, exempt under Section 54EC, must be included in book profits for Minimum Alternate Tax (MAT) under Section 115JB. It held that Section 115JB is a distinct code, overriding other Income-tax Act provisions. Emphasizing judicial discipline, the Tribunal upheld the CIT(A)'s decision, citing higher judicial authorities' rulings. en-us Thu, 31 Mar 2011 00:00:00 +0530 Fri, 20 May 2016 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208954 The Tribunal dismissed the appeal, ruling that capital gains from the sale of assets, exempt under Section 54EC, must be included in book profits for Minimum Alternate Tax (MAT) under Section 115JB. It held that Section 115JB is a distinct code, overriding other Income-tax Act provisions. Emphasizing judicial discipline, the Tribunal upheld the CIT(A)'s decision, citing higher judicial authorities' rulings. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208954