https://www.taxtmi.com/caselaws?id=766222 Section 115JB does not apply to an electricity company whose accounts are prepared under the Electricity Supply Act rather than Part II and Part III of Schedule VI to the Companies Act, 1956, because the statutory MAT provision is tied to the Schedule VI accounting format; the provision was therefore held inapplicable. On interest under Section 234D for assessment year 2002-03, the issue was governed by binding precedent and the earlier deletion was set aside, so the interest charge was sustained. en-us Tue, 11 Feb 2025 00:00:00 +0530 Thu, 20 Feb 2025 08:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766222 Section 115JB does not apply to an electricity company whose accounts are prepared under the Electricity Supply Act rather than Part II and Part III of Schedule VI to the Companies Act, 1956, because the statutory MAT provision is tied to the Schedule VI accounting format; the provision was therefore held inapplicable. On interest under Section 234D for assessment year 2002-03, the issue was governed by binding precedent and the earlier deletion was set aside, so the interest charge was sustained. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766222