ITAT Grants MAT Credit Claim under Vivad se Vishwas Scheme

United Spirits Limited Vs JCIT (ITAT Mumbai) Introduction: In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Mumbai bench delivered a judgment favoring United Spirits Limited, addressing the contentious issue of claiming Minimum Alternate Tax (MAT) credit under the Vivad se Vishwas Scheme (VSVS) for the assessment year (AY) 2007-08. This case sheds light on the procedural aspects of claiming MAT credit and the implications of opting for the VSVS. Detailed Analysis: The crux of the matter revolved around the assessee’s entitlement to claim credit for MAT under section 115J...