https://www.taxtmi.com/caselaws?id=415822 The Tribunal upheld the orders of the AO and CIT(A) regarding the levy of Minimum Alternate Tax (MAT) under Section 115JB and the charge of interest under Sections 234B and 234C. The Tribunal emphasized that Section 115JB is a self-contained code, and no adjustments to book profit are permissible except as explicitly provided in Explanation 1 to Section 115JB. The decision of the Supreme Court in Rolta India Ltd. was found not applicable to the issue of adjustments to book profit under Section 115JB. en-us Fri, 12 Nov 2021 00:00:00 +0530 Wed, 15 Dec 2021 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415822 The Tribunal upheld the orders of the AO and CIT(A) regarding the levy of Minimum Alternate Tax (MAT) under Section 115JB and the charge of interest under Sections 234B and 234C. The Tribunal emphasized that Section 115JB is a self-contained code, and no adjustments to book profit are permissible except as explicitly provided in Explanation 1 to Section 115JB. The decision of the Supreme Court in Rolta India Ltd. was found not applicable to the issue of adjustments to book profit under Section 115JB. Case-Laws Income Tax Fri, 12 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415822