MAT credit to be given before calculation of Interest U/s 234B as amendment to S. 234B is retrospective

HIGH COURT OF GUJARAT Chief Commissioner of Income-tax (OSD) Versus Gujarat Mitra (P.) Ltd. TAX APPEAL NO. 274 OF 2012 DECEMBER 3, 2012 JUDGMENT Ms. Sonia Gokani, J. Revenue is in appeal against the order of the Tribunal dated 18.11.2011 proposing following questions of law for our consideration: “A. Whether on facts and circumstances of the case and in law, the Tribunal has erred in law in setting aside the orders of the lower authorities and directing to take into consideration the credit of MAT before calculating interest under Section 234 B of the Act? B. Whether ...