https://www.taxtmi.com/caselaws?id=382033 The Tribunal upheld the decision that the assessee was liable to pay Minimum Alternate Tax (MAT) under Section 115JB of the Income Tax Act and was not eligible for exemption under Section 115JB(6). It was also ruled that deductions under Section 80IB(10) could not be made from book profits for MAT purposes. As a result, all appeals by the assessee were dismissed, and the Revenue's appeal was also dismissed due to low tax effect as per CBDT Circular No. 3/2018. en-us Tue, 30 Apr 2019 00:00:00 +0530 Mon, 24 Jun 2019 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382033 The Tribunal upheld the decision that the assessee was liable to pay Minimum Alternate Tax (MAT) under Section 115JB of the Income Tax Act and was not eligible for exemption under Section 115JB(6). It was also ruled that deductions under Section 80IB(10) could not be made from book profits for MAT purposes. As a result, all appeals by the assessee were dismissed, and the Revenue's appeal was also dismissed due to low tax effect as per CBDT Circular No. 3/2018. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382033