Appeal Allowed: Section 115JB MAT Provisions Not Applicable to Scheduled Banks Despite Assessee's Calculation Errors.

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....Rectification u/s 154 - MAT applicability u/s 115JB on banking companies - We are inclined to allow the grounds of appeal raised by the assessee even though the calculation submitted by the assessee is not proper. - However, the provisions of section 115JB of the Act are not applicable to a scheduled bank. - AT....