Setoff of MAT Credit before interest liability - form prescribed ...

Court Allows MAT Credit to Offset Advance Tax Before Interest Calculation; Form Rules Don't Affect Main Statute Interpretation.

March 1, 2014

Case Laws Income Tax HC

Setoff of MAT Credit before interest liability - form prescribed under the rules can never have any effect on the interpretation or operation of the parent statute – thus, Mat credit allowed to be set off from advance tax before calculating interest - HC

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Setoff of MAT Credit before interest liability - form prescribed ...

Court Allows MAT Credit to Offset Advance Tax Before Interest Calculation; Form Rules Don't Affect Main Statute Interpretation.

March 1, 2014

Case Laws Income Tax HC

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