https://www.taxtmi.com/caselaws?id=218124 The ITAT ruled in favor of the banking company, holding that sec.115JB is not applicable to banking companies. Therefore, the jurisdiction under sec.263 was rejected, and the addition of provisions for bad and doubtful debts and depreciation on investments to the income computed under sec.115JB for the assessment year 2005-06 was disallowed. en-us Mon, 18 Jun 2012 00:00:00 +0530 Sat, 02 Jun 2018 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218124 The ITAT ruled in favor of the banking company, holding that sec.115JB is not applicable to banking companies. Therefore, the jurisdiction under sec.263 was rejected, and the addition of provisions for bad and doubtful debts and depreciation on investments to the income computed under sec.115JB for the assessment year 2005-06 was disallowed. Case-Laws Income Tax Mon, 18 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218124