https://www.taxtmi.com/caselaws?id=460772 Section 115JB of the Income-tax Act, 1961 was held inapplicable to banking companies. The Bombay High Court followed its earlier ruling in CIT-LTU v. Union Bank of India and reiterated that Minimum Alternate Tax under this provision does not extend to banks. On that basis, the Revenue's challenge failed. en-us Mon, 05 Aug 2019 00:00:00 +0530 Tue, 18 Feb 2025 13:32:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460772 Section 115JB of the Income-tax Act, 1961 was held inapplicable to banking companies. The Bombay High Court followed its earlier ruling in CIT-LTU v. Union Bank of India and reiterated that Minimum Alternate Tax under this provision does not extend to banks. On that basis, the Revenue's challenge failed. Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460772