https://www.taxtmi.com/caselaws?id=275404 The court upheld the constitutional validity of clause (iii) of Explanation 1 to section 115JB of the Income Tax Act, ruling that it is not discriminatory or arbitrary. The provision was found to apply uniformly to all companies within its scope and does not violate constitutional articles. The court also rejected the petitioner's request to modify the provision's interpretation, stating that it is clear and unambiguous. As a result, the petition was dismissed, and no costs were awarded. en-us Thu, 21 Oct 2010 00:00:00 +0530 Mon, 01 Oct 2018 15:07:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275404 The court upheld the constitutional validity of clause (iii) of Explanation 1 to section 115JB of the Income Tax Act, ruling that it is not discriminatory or arbitrary. The provision was found to apply uniformly to all companies within its scope and does not violate constitutional articles. The court also rejected the petitioner's request to modify the provision's interpretation, stating that it is clear and unambiguous. As a result, the petition was dismissed, and no costs were awarded. Case-Laws Income Tax Thu, 21 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275404