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2013 (7) TMI 857 - HC - Income TaxTax payment u/s 115JA - Minimum Alternate Tax (MAT) - Prima facie adjustment - Whether the Assessing Officer could have made prima facie adjustment and held that minimum alternative tax under Section 115JA was payable by the assessee and compute and calculate the same under Section 143(1)(a) - Held that:- Assessee claimed that he was not liable to pay minimum alternative tax under Section 115JA. The contention may be wrong or incorrect but it has to be dealt with and examined. Further computation has to be made under Section 115JA of the Act, which is not possible without examining and considering several aspects - Computation under minimum alternative tax is cumbersome and at that time, involved several debatable issues. The assessee himself had not done any computation under Section 115JA - Prima facie adjustment is not possible - Decided in favour of assessee.
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