https://www.taxtmi.com/caselaws?id=465720 The dominant issue was whether MAT under s.115JB applied to a banking company for AYs 2003-04 and 2008-09. Relying on binding co-ordinate bench precedent in the assessee's own case for other years, the Tribunal held that s.115JB is inapplicable to a bank for the impugned years; accordingly, MAT computation was deleted. The second issue concerned denial of interest under s.244A on the "interest component" of the refund. Treating it as a computation question and following the approach adopted earlier with reference to HC authority, the Tribunal remitted the matter to the AO for fresh examination and recomputation in accordance with law. en-us Wed, 10 Apr 2019 00:00:00 +0530 Tue, 06 Jan 2026 22:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465720 The dominant issue was whether MAT under s.115JB applied to a banking company for AYs 2003-04 and 2008-09. Relying on binding co-ordinate bench precedent in the assessee's own case for other years, the Tribunal held that s.115JB is inapplicable to a bank for the impugned years; accordingly, MAT computation was deleted. The second issue concerned denial of interest under s.244A on the "interest component" of the refund. Treating it as a computation question and following the approach adopted earlier with reference to HC authority, the Tribunal remitted the matter to the AO for fresh examination and recomputation in accordance with law. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465720