https://www.taxtmi.com/caselaws?id=285632 The Tribunal allowed the appeal of a Banking Company against the Commissioner of Income Tax's order directing computation of income under section 115JB of the Income Tax Act, 1961. The Tribunal held that section 115JB is not applicable to Banking Companies based on precedents and the decision in the case of Dena Bank. As a result, the Commissioner's order was vacated, and the Tribunal did not address other grounds raised by the appellant. en-us Tue, 24 Dec 2013 00:00:00 +0530 Mon, 20 Jan 2020 14:22:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285632 The Tribunal allowed the appeal of a Banking Company against the Commissioner of Income Tax's order directing computation of income under section 115JB of the Income Tax Act, 1961. The Tribunal held that section 115JB is not applicable to Banking Companies based on precedents and the decision in the case of Dena Bank. As a result, the Commissioner's order was vacated, and the Tribunal did not address other grounds raised by the appellant. Case-Laws Income Tax Tue, 24 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285632