https://www.taxtmi.com/caselaws?id=174576 Rebate under section 88E for Securities Transaction Tax paid is stated to remain available when tax is computed on book profit under section 115JB. The analysis notes that section 115JB operates with a saving clause preserving other provisions of the Act, including rebate provisions under sections 87 and 88E. Because the assessee's total income included income from taxable securities transactions, the statutory conditions for the rebate were treated as satisfied. The effect is that MAT computation under section 115JB does not, by itself, exclude deduction of Securities Transaction Tax rebate where the rebate conditions are otherwise met. en-us Fri, 16 Jul 2010 00:00:00 +0530 Mon, 21 Aug 2023 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174576 Rebate under section 88E for Securities Transaction Tax paid is stated to remain available when tax is computed on book profit under section 115JB. The analysis notes that section 115JB operates with a saving clause preserving other provisions of the Act, including rebate provisions under sections 87 and 88E. Because the assessee's total income included income from taxable securities transactions, the statutory conditions for the rebate were treated as satisfied. The effect is that MAT computation under section 115JB does not, by itself, exclude deduction of Securities Transaction Tax rebate where the rebate conditions are otherwise met. Case-Laws Income Tax Fri, 16 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174576