https://www.taxtmi.com/caselaws?id=331893 The court addressed the impact of the insertion of clause (i) in the explanation of section 115JB of the Income Tax Act on the computation of liability under Minimum Alternate Tax (MAT) provisions. It was held that the change in statutory provisions overrides previous Supreme Court decisions, altering the treatment of provisions for bad and doubtful debts. The conflicting views on this matter led to a referral to a Larger Bench for resolution, emphasizing the need for consistency and clarity in legal interpretation regarding MAT provisions and the treatment of such provisions. en-us Tue, 23 Aug 2016 00:00:00 +0530 Sat, 03 Sep 2016 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331893 The court addressed the impact of the insertion of clause (i) in the explanation of section 115JB of the Income Tax Act on the computation of liability under Minimum Alternate Tax (MAT) provisions. It was held that the change in statutory provisions overrides previous Supreme Court decisions, altering the treatment of provisions for bad and doubtful debts. The conflicting views on this matter led to a referral to a Larger Bench for resolution, emphasizing the need for consistency and clarity in legal interpretation regarding MAT provisions and the treatment of such provisions. Case-Laws Income Tax Tue, 23 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331893