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![Budget 2026 proposes Major Corporate Tax Changes: Govt. to Revamp MAT Framework [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2123020-union-budget-2026-budget-scan-2026-major-corporate-tax-mat-framework-minimum-alternate-tax-taxscan.webp "Budget 2026 proposes Major Corporate Tax Changes: Govt. to Revamp MAT Framework [Read Finance Bill 2026]")
Budget 2026 proposes Major Corporate Tax Changes: Govt. to Revamp MAT Framework [Read Finance Bill 2026]
The Union Budget for the financial year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on Sunday, February 1, 2026....
![Banking Companies Exempt from Minimum Alternate Tax u/s 115JB from AY 2013-14: ITAT rules in favour of Canara Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Canara-Bank-Minimum-Alternate-Tax-Section-115JB-Income-Tax-Act-MAT-exemption-for-banks-taxscan-1.jpg "Banking Companies Exempt from Minimum Alternate Tax u/s 115JB from AY 2013-14: ITAT rules in favour of Canara Bank [Read Order]")
![Nationalized Banks now liable for Minimum Alternate Tax after 2012 Income Tax Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Nationalized-Banks-Minimum-Alternate-Tax-ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-Finance-Act-taxscan.jpg "Nationalized Banks now liable for Minimum Alternate Tax after 2012 Income Tax Amendment: ITAT [Read Order]")
S. 115JB(2)(b) not Applicable to Union Bank Due to Non-Company Status under Companies Act, Despite Deeming Provision in Acquisition Act for Income Tax Purposes: ITAT [Read Order]
The Mumbai Special Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that Section 115JB of the Income Tax Act, 1961 did not apply to Union Bank of India due to Non-Company Status under the...
![S. 115JB(2)(b) not Applicable to Union Bank Due to Non-Company Status under Companies Act, Despite Deeming Provision in Acquisition Act for Income Tax Purposes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-Union-Bank-Non-Company-Status-taxscan.jpg "S. 115JB(2)(b) not Applicable to Union Bank Due to Non-Company Status under Companies Act, Despite Deeming Provision in Acquisition Act for Income Tax Purposes: ITAT [Read Order]")
![Audit Objection cannot be a Reason to Re-Open Assessment: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Audit-Assessment-Madras-HC-taxscan.jpeg "Audit Objection cannot be a Reason to Re-Open Assessment: Madras HC [Read Order]")
![Direct Tax Vivad se Vishwas Rules and Forms notified [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-6-1.jpg "Direct Tax Vivad se Vishwas Rules and Forms notified [Read Notification]")
