Case Law Details
CIT Vs M/s Sami Labs Limited – Karnatka High Court (Dated: February 14, 2011)- Income tax – Section 115JAA, 263, 244A – Whether MAT credit is to be first adjusted and then TDS and pre paid taxed should be set off against the total tax liability – Whether assessee is entitled to interest u/s 244A against the MAT credit. – Revenue’s appeal dismissed.
CIT Vs M/s Sami Labs Limited (Karnataka High Court)
ITA No. 231 of 2009
Decided on: 14 February 2011
This ITA filed under section 260-A of I.T.Act, 1961, praying to formulate the substantial questions of law stated therein, allow the appeal and set aside the order passed by the ITAT in ITA.No.625/Bang/2008, dated 01-12-2008 confirming the order of the Appellate Commissioner and confirm the order passed by the Assistant Commissioner of Income Tax, Circle-12(3) Bangalore.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
assessment order of sec 143 is void ab initio as it has been passed after 21 months from the relevant A/Y i.e. it is to be passed till 31-12-2003