https://www.taxtmi.com/caselaws?id=764814 The Delhi HC upheld ITAT's order ruling that Section 115JB (Minimum Alternate Tax on book profits) was inapplicable to electricity generation and distribution companies prior to the Finance Act, 2012 amendment. The court decided in favor of the assessee and against the Revenue, finding no infirmity in the tribunal's decision that exempted the electricity company from MAT provisions under the pre-amendment law. en-us Mon, 13 Jan 2025 00:00:00 +0530 Fri, 17 Jan 2025 09:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764814 The Delhi HC upheld ITAT's order ruling that Section 115JB (Minimum Alternate Tax on book profits) was inapplicable to electricity generation and distribution companies prior to the Finance Act, 2012 amendment. The court decided in favor of the assessee and against the Revenue, finding no infirmity in the tribunal's decision that exempted the electricity company from MAT provisions under the pre-amendment law. Case-Laws Income Tax Mon, 13 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764814