https://www.taxtmi.com/caselaws?id=369391 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order for the assessment year 2002-03. The Court ruled in favor of the Revenue, emphasizing the self-contained nature of Section 115JB regarding Minimum Alternate Tax (MAT) provisions. Companies under this section must make advance tax payments, with failure resulting in interests under Sections 234B and 234C. The judgment referenced judicial precedents and Circular No. 13/2001, clarifying the liability for advance tax payments under Section 115JB. The appeal against the assessee was dismissed, with no costs awarded. en-us Mon, 08 Oct 2018 00:00:00 +0530 Fri, 26 Oct 2018 06:23:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369391 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's order for the assessment year 2002-03. The Court ruled in favor of the Revenue, emphasizing the self-contained nature of Section 115JB regarding Minimum Alternate Tax (MAT) provisions. Companies under this section must make advance tax payments, with failure resulting in interests under Sections 234B and 234C. The judgment referenced judicial precedents and Circular No. 13/2001, clarifying the liability for advance tax payments under Section 115JB. The appeal against the assessee was dismissed, with no costs awarded. Case-Laws Income Tax Mon, 08 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369391