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2016 (4) TMI 1126 - ITAT MUMBAIInterest under section 244A of the Act on MAT credits - Held that:- Respectfully following the aforesaid decision of the Hon'ble Bombay High Court in the case of APAR Industries Ltd. (2010 (4) TMI 151 - BOMBAY HIGH COURT ), we hold and direct that assessee is entitled to be allowed interest under section 244A of the Act on refundable taxes after giving credit of brought forward MAT credit. Credit for brought forward for allowance of MAT - Held that:- Credit for brought forward MAT is to be given from gross demand before interest is charged under section 234B. See APAR Industries Ltd. (2010 (4) TMI 151 - BOMBAY HIGH COURT )
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