| The Tax Publishers2020 TaxPub(DT) 1337 (SC) : (2020) 269 TAXMAN 0487 INCOME TAX ACT, 1961
Section 261 Section 115JB
Where the department preferred SLP to appeal against the judgment of Bombay High Court in CIT v. UBI [ITA No. 1196 of 2013 with ITA No. 1175 of 2013, ITA No. 59 of 2017 with ITA No. 1567 of 2016, 1309 of 2016, 143 of 2018, 1907 of 2017, 1878 of 2017, 182 of 2015, 1108 of 2015, 27 of 2016, dt. 16-4-2019] : 2019 TaxPub(DT) 3212 (Bom-HC), whereby the High Court held that provisions of section 115JB as it stood prior to its amendment by virtue of Finance Act, 2012, would not be applicable to a banking company governed by provisions of Banking Regulation Act, 1949, the Supreme Court granted leave to department to appeal there against.
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Appeal (Supreme Court) - Special leave petition - MAT - Book profits--Applicability to banking company
Department preferred SLP to appeal against the judgment of Bombay High Court in CIT v. UBI [ITA No. 1196 of 2013 with ITA No. 1175 of 2013, ITA No. 59 of 2017 with ITA No. 1567 of 2016, 1309 of 2016, 143 of 2018, 1907 of 2017, 1878 of 2017, 182 of 2015, 1108 of 2015, 27 of 2016, dt. 16-4-2019] : 2019 TaxPub(DT) 3212 (Bom-HC), whereby the High Court held that provisions of section 115JB as it stood prior to its amendment by virtue of Finance Act, 2012, would not be applicable to a banking company governed by provisions of Banking Regulation Act, 1949.Held: The Supreme Court granted leave to department to appeal thereagainst.
REFERRED :
FAVOUR : Leave granted.
A.Y. :
IN THE SUPREME COURT OF INDIA
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