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2018 (11) TMI 1171 - AT - Income TaxMAT - non-applicability of minimum alternative tax(popularly called as “MAT”) on book profits u/s 115JB in the case of banks in favour of the assessee - Held that:- As decided in assessee's own case for AY 2006-07 we hold that provisions of Section 115JB shall not be applicable to the assessee bank for the impugned assessment year under consideration viz. AY 2007-08. Computation of grant of interest u/s 244A payable to the assessee on refund arising out of the order giving effect to order of the appellate authority or consequent to order passed u/s 154 - Held that:- Since it is matter involving computation of eligible amount of interest u/s 244A of the Act, we are of the view that this issue requires fresh examination at the end of the AO. In the decisions relied upon by the assessee, the Tribunal has followed the decision rendered by Hon’ble Delhi High Court in the case of India Trade Promotion Organisation Vs. CIT (2013 (9) TMI 451 - DELHI HIGH COURT) and accordingly given direction to the AO to follow the said decision
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