Held that since the assessee’s gross total income and total income of the assessee were nil and no taxes were payable, thus, the provisions of section 115JB were not applicable. (AY. 2012-13)
Sasamusa Sugar Works Pvt. Ltd. v. Dy. CIT (2022) 98 ITR 235 (Kol) (Trib)
S. 115JB : Book profit-Gross income and total income Nil-Not paying dividend-Provision is not applicable.