Applicability of Sub-Section 115JB of Income Tax Act on Banking Company: SC condones Delay in SLP filed by Income Tax Dept [Read Order]

SC condoned delay in SLP filed by Income Tax Department in matter arising from the ruling regarding the applicability of sub-section 115JB of Income Tax Act on banking company.
Income Tax Act - Banking Company - SC - condones Delay - SLP - Income Tax Dept - taxscan

The Supreme Court condoned the delay in the special leave petition filed by the Income Tax Department in the matter arising from the ruling regarding the applicability of sub-section 115JB of the Income Tax Act, 1961 on banking company. The Income Tax has filed the SLP against the order from the Bombay High Court and…

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