The High Court held that the provisions of section 115JB relating to Minimum Alternate Tax were not applicable to a company engaged in the business of supplying electricity and governed by the Electricity Supply Act, 1948. (AY. 2001-02 to 2002-03)
CIT v. Reliance Infrastructure Ltd. [2025] 172 taxmann.com 119 (Bom.)(HC)
S. 115JB: Company-Book profit-Minimum Alternate Tax-Electricity company governed by the Electricity Supply Act, 1948-Provisions of section 115JB not applicable. [S.260A, Electricity Supply Act, 1948]
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