https://www.taxtmi.com/caselaws?id=432876 The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s decision that Section 115JB's MAT provisions do not apply to the assessee, a State Financial Corporation. The Tribunal concluded that the assessee does not qualify as a "company" under the relevant provisions. Additionally, adjustments made by the CPC were deemed procedurally invalid due to lack of prior intimation. Hence, the CIT(A)'s order was upheld. en-us Thu, 12 Jan 2023 00:00:00 +0530 Fri, 20 Dec 2024 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432876 The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s decision that Section 115JB's MAT provisions do not apply to the assessee, a State Financial Corporation. The Tribunal concluded that the assessee does not qualify as a "company" under the relevant provisions. Additionally, adjustments made by the CPC were deemed procedurally invalid due to lack of prior intimation. Hence, the CIT(A)'s order was upheld. Case-Laws Income Tax Thu, 12 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432876