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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Interest under section 244A of the Act on MAT credits - assessee ...

Income Tax

April 30, 2016

Interest under section 244A of the Act on MAT credits - assessee is entitled to be allowed interest under section 244A of the Act on refundable taxes after giving credit of brought forward MAT credit - AT

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  5. SC allows setoff of MAT credit with tax liability before calculating interest u/s 234A, 234B & 234C

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  8. Interest under Section 244A denied - MAT credit under Section 115JA - MAT credit admissible in terms of section 115JAA has to be set off against the assessed tax...

  9. MAT Credit admissible in terms of Section 115JAA has to be set off against the tax payable (assessed tax) before calculating interest under Sections 234A, 234B and 234C

  10. Payment of interest u/s 244A on the amount of refund payable to the assessee - CIT(A) concluded that the claim of ‘interest’ by the respondent for the refund amounts to...

 

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