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Commissioner of Income Tax Versus M/s. TCI Seaways Ltd., M/s. Wheels India Ltd.

2016 (11) TMI 209 - MADRAS HIGH COURT

MAT credit to be set off from the tax payable before levying interest under section 234B and 234C - Held that:- We notice that the issues raised in the substantial question of law in the above appeals have been considered and the question was decided .....

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(12) TMI 23 - Supreme Court of India ), wherein held MAT credit would lapse after five succeeding assessment years under section 115JAA(3); that no interest would be payable on such credit by the Government under the proviso to section 115JAA(2) and .....

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count of the assessee, the liability of the assessee gets increased instead of it getting reduced - Decided in favour of assessee - Tax Case Appeal Nos. 1096 to 1098 of 2007 - Dated:- 19-10-2016 - Nooty Ramamohana Rao And Anita Sumanth, JJ. For Appel .....

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/Mds/2005 in respect of assessment year 2001-02, ITA No.3320/Mds/2004 in respect of assessment year 2003-04 and ITA No.2296/Mds/2005 in respect of assessment year 2001-02, dated 15.09.2006. 2. The substantial question of laws raised in the above appe .....

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1? 2. Whether, on the facts and circumstances of the case, the MAT credit can be given priority of set off against tax payable, contrary to the scheme of Schedule G of Form 1 3. Heard the learned counsel appearing on behalf of the appellant and the l .....

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t in Commissioner of Income Tax Vs. Chemplast Sanmar Ltd, reported in (2009) 314 ITR 23, affirmed by the Honourable Supreme Court in the case reported in Commissioner of Income Tax Vs. Tulsyan Nec Ltd., reported in (2011) 330 ITR 226 (SC), wherein, t .....

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