https://www.taxtmi.com/caselaws?id=262835 Electricity duty payable under the Kerala Electricity Duty Act is treated as a statutory liability falling within section 43B, so its disallowance is sustained, while electricity supply surcharge collected under the Kerala Electricity Surcharge levy is treated as a statutory collection remitted in a fiduciary capacity and is not hit by section 43B. The note also states that section 115JB does not apply to a government-owned electricity board for computing book profits, following the view that the MAT regime was not intended to cover such entities. The Revenue's relief is therefore limited to the duty component. en-us Fri, 06 Feb 2015 00:00:00 +0530 Fri, 21 Aug 2015 07:54:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262835 Electricity duty payable under the Kerala Electricity Duty Act is treated as a statutory liability falling within section 43B, so its disallowance is sustained, while electricity supply surcharge collected under the Kerala Electricity Surcharge levy is treated as a statutory collection remitted in a fiduciary capacity and is not hit by section 43B. The note also states that section 115JB does not apply to a government-owned electricity board for computing book profits, following the view that the MAT regime was not intended to cover such entities. The Revenue's relief is therefore limited to the duty component. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262835