https://www.taxtmi.com/caselaws?id=792567 Companies that validly exercise the concessional corporate tax option under section 115BAA are excluded from Minimum Alternate Tax under section 115JB(5A). Accordingly, book profit and tax liability cannot be recomputed by applying section 115JB after the option has been exercised. Prior acceptance of the same treatment in earlier assessment years also supports consistent tax processing. The concessional-regime computation therefore remains applicable, and a MAT adjustment is not sustainable. 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 Companies that validly exercise the concessional corporate tax option under section 115BAA are excluded from Minimum Alternate Tax under section 115JB(5A). Accordingly, book profit and tax liability cannot be recomputed by applying section 115JB after the option has been exercised. Prior acceptance of the same treatment in earlier assessment years also supports consistent tax processing. The concessional-regime computation therefore remains applicable, and a MAT adjustment is not sustainable. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792567