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2009 (12) TMI 46 - MADRAS HIGH COURTMinimum Alternate Tax - MAT Credit u/s 115JA – Interest u/s 234B and 234C – MAT credit to be adjusted before charging interest u/s 234B and 234C – held that - . The Delhi High Court has considered the relevant provisions and dealt with the matter in detail and held that the credit under Section 115JAA should be given effect to before charging of interest under Section 234A, 234B and 234C of the Act. We are in agreement with the reasoning given by the Delhi High Court. The learned counsel appearing for the revenue has not produced any materials or given compelling reasons to take a contrary view with that of the Delhi High Court - vs. Jindal Exports Ltd [2009 -TMI - 32986 - DELHI HIGH COURT] – decided in favor of assessee
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