Section 115JB does not apply to insurance companies

Applicability of Section 115JB to insurance companies

Turning now to ITA No. 447/2015, the question concerns the applicability of Section 115JB of the Act to insurance companies. The ITAT has permitted the Assessee to raise this question since, in a large number of judgments of the ITAT, the question has been answered in favour of the Assessee.

Please become a Premium member. If you are already a Premium member, login here to access the full content.