08 January 2008
Whether the expression occuring in section 115JB "the income-tax, payable on the total income as computed under this Act" may be interpreted as 'income-tax payable before rebate u/s 88E'
OR
The legislature had meant it as 'income-tax payable after rebate u/s 88E'
Please apprise if any Court of Law has decided this issue.
CAclubindia
