Power Companies' Tax Exemption Withdrawn: Income Tax Liability Confirmed u/s 115JB of Income Tax Act.

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....Simply because the exemption earlier granted to power generating companies has been withdrawn so as to subject them to income tax liability under a special provision, cannot lead to any inference as suggested on behalf of the appellant that it is not an income tax but some other tax which is levied under Section 115JB of the Income Tax Act. - SC....