https://www.taxtmi.com/caselaws?id=792567 A company that validly exercises the concessional corporate tax option under section 115BAA is outside the scope of MAT under section 115JB because section 115JB(5A) expressly excludes its application. On that basis, an adjustment made by computing book profit and tax liability under section 115JB was not sustainable. The note also reflects the principle of consistency, since the same treatment had already been accepted in earlier assessment years, reinforcing the exclusion of MAT for the taxpayer after opting for section 115BAA. en-us Wed, 06 May 2026 00:00:00 +0530 Sat, 30 May 2026 08:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792567 A company that validly exercises the concessional corporate tax option under section 115BAA is outside the scope of MAT under section 115JB because section 115JB(5A) expressly excludes its application. On that basis, an adjustment made by computing book profit and tax liability under section 115JB was not sustainable. The note also reflects the principle of consistency, since the same treatment had already been accepted in earlier assessment years, reinforcing the exclusion of MAT for the taxpayer after opting for section 115BAA. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792567