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2011 (6) TMI 125 - HC - Income TaxInterest u/s.234B - MAT credit - Whether the Appellate Tribunal is right in law and on facts in directing the Assessing Officer to recompute interest u/s.234B after giving credit of MAT - Held that:- Parliament amended Explanation 1 to Section 234B by Finance Act, 2006 w.e.f. 1.4.2007 to provide along with tax deducted or collected at source, MAT credit under Section 115JAA also to be excluded while calculating assessed tax - As per decision of the Supreme Court in the case of Commissioner of Income Tax v. Tulsyan Nec Ltd. [2010 -TMI - 78806 - Supreme Court of India],decided in favour of assessee.
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