https://www.taxtmi.com/caselaws?id=370095 The Tribunal dismissed the Revenue's appeals, ruling that Section 115JB of the Income Tax Act did not apply to the company engaged in power generation for assessment years before 2013-14. The Tribunal emphasized that the amendments by the Finance Act, 2012, brought companies under Section 115JB only from 2013-14 onwards, based on legislative intent and judicial precedents. The decision highlighted that the amendments were prospective and could not be retroactively enforced. en-us Wed, 31 Oct 2018 00:00:00 +0530 Fri, 09 Nov 2018 20:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370095 The Tribunal dismissed the Revenue's appeals, ruling that Section 115JB of the Income Tax Act did not apply to the company engaged in power generation for assessment years before 2013-14. The Tribunal emphasized that the amendments by the Finance Act, 2012, brought companies under Section 115JB only from 2013-14 onwards, based on legislative intent and judicial precedents. The decision highlighted that the amendments were prospective and could not be retroactively enforced. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370095