https://www.taxtmi.com/caselaws?id=789325 Section 115JB applies on the statutory book-profit formula where tax under normal provisions is below the prescribed benchmark, and non-payment of dividend is not a statutory basis to exclude a company from MAT computation. The Tribunal noted that authorities relied on by the assessee did not govern the amended provision for the relevant years, so the book-profit adjustment was sustained. On MAT credit, an abated assessment under section 153A allows fresh determination, and the claim under section 115JAA can be examined afresh on the return and books. The Tribunal therefore accepted MAT credit in principle and directed recomputation of the consequential relief in accordance with law. en-us Fri, 27 Feb 2026 00:00:00 +0530 Tue, 07 Apr 2026 07:48:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789325 Section 115JB applies on the statutory book-profit formula where tax under normal provisions is below the prescribed benchmark, and non-payment of dividend is not a statutory basis to exclude a company from MAT computation. The Tribunal noted that authorities relied on by the assessee did not govern the amended provision for the relevant years, so the book-profit adjustment was sustained. On MAT credit, an abated assessment under section 153A allows fresh determination, and the claim under section 115JAA can be examined afresh on the return and books. The Tribunal therefore accepted MAT credit in principle and directed recomputation of the consequential relief in accordance with law. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789325