Judgement

The ITAT held that carbon credit sale receipts earned before the introduction of Section 115BBG are capital receipts, not taxable, and must be excluded from Section 115JB book profit computation.

ITAT Holds Carbon Credit Receipts Not Taxable, Directs Exclusion from Section 115JB Computation

ITAT held that Section 115JB (MAT) does not apply to a foreign company without a PE in India and quashed the Section 263 revision order, allowing exemption on Rs. 149.37 crore LTCG.

ITAT Delhi Quashes Section 263 Revision: MAT Not Applicable on Foreign Entity in Absence of PE

Tribunal holds adjustment of book losses under Section 115JB a debatable issue beyond scope of rectification proceedings

ITAT Quashes Section 154 Rectification on MAT Losses In Fiat India Automobiles Case

Court rules that retrospective amendment to Section 115JB permitting add-back of diminution in asset value; lease rent provision found unascertained

High Court: Provisions for Diminution in Investments & Lease Rent Are Liable for MAT Add-Back

ITAT in its ruling has upheld that section 115JB of the Income Tax Act does not apply to banks constituted as 'corresponding new banks' under the Banking Companies Act, 1970.

ITAT deletes penalty of Rs. 300 Cr on Central Bank for of disallowance of bad debts written-of

No disallowance of expenditure u/s 14A while computing section 115JB Book Profits

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