https://www.taxtmi.com/caselaws?id=401310 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to delete the addition under section 115JB, ruling in favor of the assessee, a company engaged in electricity generation. The Tribunal's decision was grounded in prior judgments, including those from the Hon'ble Karnataka HC, confirming the non-applicability of section 115JB to such entities, as per the Companies Act, 1956. en-us Fri, 20 Nov 2020 00:00:00 +0530 Mon, 04 Nov 2024 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401310 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to delete the addition under section 115JB, ruling in favor of the assessee, a company engaged in electricity generation. The Tribunal's decision was grounded in prior judgments, including those from the Hon'ble Karnataka HC, confirming the non-applicability of section 115JB to such entities, as per the Companies Act, 1956. Case-Laws Income Tax Fri, 20 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401310