MAT provisions u/s 115JB were applicable to company eligible for Section 10AA benefit

M/s Safeflex International Ltd. Vs ITO (ITAT Jaipur)

Conclusion: While passing the assessment order u/s 143(3), AO had forgot to invoke the provisions of section 115JB, thus, the matter clearly fell within purview of section 154 and the same could be rectified as mistake apparent from record. AO was justified in bringing book profit u/s 115JB determined to tax inspite of assessee-company eligible for section 10AA benefit as on combined reading of provisions of sub-section (5) and (6) of section 115JB, it was clear that the MAT provision

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