https://www.taxtmi.com/caselaws?id=247802 The Tribunal ruled in favor of the assessee, allowing the exemption for gains on the sale of investments. It held that section 115JB does not apply to insurance companies, exempting them from the computation of book profits for MAT purposes under the said section. The Tribunal dismissed the revenue's appeal, upholding the assessee's contentions on all grounds. en-us Wed, 10 Oct 2012 00:00:00 +0530 Fri, 23 May 2014 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247802 The Tribunal ruled in favor of the assessee, allowing the exemption for gains on the sale of investments. It held that section 115JB does not apply to insurance companies, exempting them from the computation of book profits for MAT purposes under the said section. The Tribunal dismissed the revenue's appeal, upholding the assessee's contentions on all grounds. Case-Laws Income Tax Wed, 10 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247802