2018 (12) TMI 603

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..... dvance tax payment and it should be treated on par with the Advance tax? - Held that:- The Substantial Question of Law arising for consideration in this appeal has been answered against the Revenue in the case of Commissioner of Income Tax vs. Tulsyan Nec Ltd. [2010 (12) TMI 23 - SUPREME COURT OF INDIA]. The Hon'ble Supreme Court confirmed the decision in the case of CHEMPLAST SANMAR LTD [2009 (4) .....

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..... TA No.3361/Mds/2004, for the Assessment year 2001-02. 2.The Appeal has been admitted, by order dated 05.03.2009, on the following Substantial Question of Law: Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that the question of payment of interest to the assessee would arise only if set off MAT credit is allowed against the adva .....

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..... le is to be treated on par with the advance tax and advance TDS and the Assessing Officer should calculate interest under Section 234B and 234C of the Act, after giving credit for the brought forward MAT credit. Challenging the same, the Revenue is before us. 5.The Substantial Question of Law arising for consideration in this appeal has been answered against the Revenue by the Supreme Court .....

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