Sec. 115JB of the Income-tax Act, 1961 - MAT – Revenue challenged the order of Tribunal of reversing the order of AO confirmed by the CIT(A), exercising the jurisdiction under s. 154 of the IT Act, 1961, determining the book profits as per the amendment to s. 115JB and; holding that the provision of s. 115JB are not applicable to the assessee-bank. High Court dismissed the appeals of the revenue holding that ”sub-s. 115JB as it stood prior to its amendment by virtue of Finance Act, 2012, would not be applicable to a banking company“. Being aggrieved, the revenue filed SLP which was granted. - PR. CIT V/s BANK OF INDIA - [2020] 269 TAXMAN 487 (SC)