https://www.taxtmi.com/caselaws?id=365844 The court upheld the constitutionality of Section 115JB and Section 80IC of the Income Tax Act, 1961, dismissing the petition challenging these provisions. It ruled that Section 115JB's imposition of a minimum tax on book profits for companies, including those benefiting from Section 80IC, does not breach Article 14 of the Constitution. The court emphasized that Section 115JB serves the purpose of ensuring profitable companies pay a minimum tax, rejecting claims of discrimination and procedural issues raised by the petitioners. en-us Tue, 10 Jul 2018 00:00:00 +0530 Fri, 21 Jun 2019 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365844 The court upheld the constitutionality of Section 115JB and Section 80IC of the Income Tax Act, 1961, dismissing the petition challenging these provisions. It ruled that Section 115JB's imposition of a minimum tax on book profits for companies, including those benefiting from Section 80IC, does not breach Article 14 of the Constitution. The court emphasized that Section 115JB serves the purpose of ensuring profitable companies pay a minimum tax, rejecting claims of discrimination and procedural issues raised by the petitioners. Case-Laws Income Tax Tue, 10 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365844