Held that provisions of s. 115JB, as they stood before the amendment by the Finance Act, 2012, do not apply to companies which are engaged in the generation of electricity and governed by the Electricity (Supply) Act, 1948. (AY. 2002-03 to 2004-05)
Gujarat State Electricity Corporation Ltd. v. Dy.CIT (2024) 232 TTJ 41 (UO) (Ahd) (Trib)
S. 115JB : Company-Book profit-Electricity generating company-Provisions of s. 115JB, as they stood before the amendment by the Finance Act, 2012, do not apply to companies which are engaged in the generation of electricity and governed by the Electricity (Supply) Act, 1948.
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