https://www.taxtmi.com/caselaws?id=785244 Interest under section 234B in relation to book profit computed under MAT was the substantive issue discussed, with the cited High Court view that no such interest could be levied where the assessee had computed book profits in accordance with the prevailing law and the relevant MAT adjustments were inserted retrospectively by the Finance Act, 2008. In the Supreme Court proceedings, the special leave petition was not entertained because the delay of 217 days was not supported by satisfactory or sufficient reasons for condonation, and the condonation application was dismissed. The special leave petition was consequently dismissed on the ground of delay. en-us Fri, 16 Jan 2026 00:00:00 +0530 Tue, 20 Jan 2026 06:31:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785244 Interest under section 234B in relation to book profit computed under MAT was the substantive issue discussed, with the cited High Court view that no such interest could be levied where the assessee had computed book profits in accordance with the prevailing law and the relevant MAT adjustments were inserted retrospectively by the Finance Act, 2008. In the Supreme Court proceedings, the special leave petition was not entertained because the delay of 217 days was not supported by satisfactory or sufficient reasons for condonation, and the condonation application was dismissed. The special leave petition was consequently dismissed on the ground of delay. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785244