https://www.taxtmi.com/caselaws?id=472331 Section 115JB of the Income-tax Act, 1961, which governs minimum alternate tax, does not apply to banking companies regulated under the Banking Regulation Act, 1949. Precedent had resolved the applicability issue against the Revenue. Pending related matters before the Supreme Court do not alter the position that banking companies governed by the Banking Regulation Act fall outside Section 115JB. en-us Mon, 08 Dec 2025 00:00:00 +0530 Thu, 08 Oct 2026 08:44:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472331 Section 115JB of the Income-tax Act, 1961, which governs minimum alternate tax, does not apply to banking companies regulated under the Banking Regulation Act, 1949. Precedent had resolved the applicability issue against the Revenue. Pending related matters before the Supreme Court do not alter the position that banking companies governed by the Banking Regulation Act fall outside Section 115JB. Case-Laws Income Tax Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472331