2015 (11) TMI 1262

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..... once taxable income was determined either under the normal provisions of the Act or as per Sec.115JB, subsequent portion relating to computation of the tax has to be governed by the normal provision of the Act. It also held that there was no provision in the Act, debarring granting of credit for tax paid abroad in case income is computed u/s 115JA. It was further held that the assessee could not b .....

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..... a foreign country could not be granted to the assessee. 3. Per contra, learned AR supported the order of the CIT(A). He also relied on a decision of Co-ordinate Bench in the case of ACIT Vs L T Ltd., in ITA No.4499/Mum/2008/ dated 22-04-2009. 4. We have perused the orders and heard the rival contentions. The question is whether credit u/s 90 of the IT Act, would be given on tax liability unde .....

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