https://www.taxtmi.com/caselaws?id=337702 The Appellate Tribunal upheld the decision of the CIT (Appeals) and dismissed the appeal of the assessee, ruling that the assessee did not qualify for exemption under section 115JB(6) of the Income Tax Act. The Tribunal emphasized that the assessee, a developer of housing projects, did not meet the criteria as defined in the Special Economic Zones (SEZ) Act to be excluded from Minimum Alternate Tax (MAT) liability. The case underscores the importance of accurately interpreting statutory provisions and ensuring compliance with exemption requirements to avoid tax obligations. en-us Tue, 10 Jan 2017 00:00:00 +0530 Sat, 14 Jan 2017 07:23:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337702 The Appellate Tribunal upheld the decision of the CIT (Appeals) and dismissed the appeal of the assessee, ruling that the assessee did not qualify for exemption under section 115JB(6) of the Income Tax Act. The Tribunal emphasized that the assessee, a developer of housing projects, did not meet the criteria as defined in the Special Economic Zones (SEZ) Act to be excluded from Minimum Alternate Tax (MAT) liability. The case underscores the importance of accurately interpreting statutory provisions and ensuring compliance with exemption requirements to avoid tax obligations. Case-Laws Income Tax Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337702