https://www.taxtmi.com/caselaws?id=75418 The High Court upheld the assessee's right to adjust the MAT credit before charging interest under sections 234B & 234C, in line with previous judgments. The Court ruled that the MAT credit should take precedence over tax and interest, contrary to the scheme of Schedule G of Form 1, emphasizing adherence to statutory provisions over prescribed forms. The appeal was dismissed in favor of the assessee, reiterating the precedence set in previous cases and ruling against the Revenue's contentions. en-us Tue, 22 Dec 2009 00:00:00 +0530 Wed, 14 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75418 The High Court upheld the assessee's right to adjust the MAT credit before charging interest under sections 234B & 234C, in line with previous judgments. The Court ruled that the MAT credit should take precedence over tax and interest, contrary to the scheme of Schedule G of Form 1, emphasizing adherence to statutory provisions over prescribed forms. The appeal was dismissed in favor of the assessee, reiterating the precedence set in previous cases and ruling against the Revenue's contentions. Case-Laws Income Tax Tue, 22 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75418