https://www.taxtmi.com/caselaws?id=68624 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A) decision that interest under sections 234B & 234C of the IT Act should be charged after setting off MAT credit. The Tribunal found the issue of allowing set off before charging interest to be debatable and emphasized that such issues require detailed arguments. The CIT(A) order, extensively analyzing relevant provisions, concluded that allowing set off aligns with the logic and provisions of the law. Consequently, the demand raised by the Revenue post rectification was deemed incorrect, and the Tribunal confirmed the CIT(A) order. en-us Wed, 28 Jun 2006 00:00:00 +0530 Thu, 31 Mar 2011 14:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68624 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A) decision that interest under sections 234B & 234C of the IT Act should be charged after setting off MAT credit. The Tribunal found the issue of allowing set off before charging interest to be debatable and emphasized that such issues require detailed arguments. The CIT(A) order, extensively analyzing relevant provisions, concluded that allowing set off aligns with the logic and provisions of the law. Consequently, the demand raised by the Revenue post rectification was deemed incorrect, and the Tribunal confirmed the CIT(A) order. Case-Laws Income Tax Wed, 28 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68624