Credit for brought forward MAT is to be given from gross demand before charging interest u/s 234B

SUMMARY OF THE CASE LAWS 1. Credit for brought forward MAT is to be given from gross demand before charging interest u/s 234B. 2. Interest u/s 244A was allowable on the refundable taxes arrived at after giving credit of brought forward MAT from the gross demand. CASE LAWS DETAILS DECIDED BY: HIGH COURT OF BOMBAY, IN THE CASE OF: CIT Vs. Apar Industries Ltd., APPEAL NO: ITA No. 1036 of 2009, DECIDED ON April 6, 2010 RELEVANT PARAGRAPH This appeal by the Revenue arises out of an order of the Income Tax Appellate Tribunal dated 20-6-2007. The Tribunal passed an order that would ...