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Credit for brought forward MAT is to be given from gross demand before charging interest u/s 234B
Case Law Details
- Case Name
- CIT Vs. Apar Industries Ltd. (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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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 govern appeals ar...
