https://www.taxtmi.com/caselaws?id=234084 The court held that the rebate under Section 88E of the Income Tax Act is available to an assessee on the tax computed under Section 115JB (Minimum Alternative Tax) as well as under the normal provisions of the Act. The court endorsed that the purpose of Section 88E is to grant credit for Security Transaction Tax paid by the assessee, applicable to tax computed under both normal provisions and MAT. The appeals were dismissed, affirming that the rebate under Section 88E is applicable to tax computed under Section 115JB. en-us Fri, 17 May 2013 00:00:00 +0530 Mon, 08 Aug 2022 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234084 The court held that the rebate under Section 88E of the Income Tax Act is available to an assessee on the tax computed under Section 115JB (Minimum Alternative Tax) as well as under the normal provisions of the Act. The court endorsed that the purpose of Section 88E is to grant credit for Security Transaction Tax paid by the assessee, applicable to tax computed under both normal provisions and MAT. The appeals were dismissed, affirming that the rebate under Section 88E is applicable to tax computed under Section 115JB. Case-Laws Income Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234084