https://www.taxtmi.com/caselaws?id=365580 The ITAT Kolkata affirmed the non-applicability of section 115JB to banking companies for the Assessment Years 2004-05 and 2006-07. The tribunal upheld the correctness of the rectification order regarding interest calculation under section 244A of the Income Tax Act. Consequently, the tribunal dismissed the appeals of the revenue for the mentioned assessment years and also dismissed the appeal of the assessee for the Assessment Year 2004-05. en-us Fri, 10 Aug 2018 00:00:00 +0530 Mon, 20 Aug 2018 08:02:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365580 The ITAT Kolkata affirmed the non-applicability of section 115JB to banking companies for the Assessment Years 2004-05 and 2006-07. The tribunal upheld the correctness of the rectification order regarding interest calculation under section 244A of the Income Tax Act. Consequently, the tribunal dismissed the appeals of the revenue for the mentioned assessment years and also dismissed the appeal of the assessee for the Assessment Year 2004-05. Case-Laws Income Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365580