https://www.taxtmi.com/caselaws?id=76627 The court held that the Tribunal did not err in law in holding that credit for brought forward Minimum Alternative Tax (MAT) should be given from gross demand before charging interest under section 234B of the Income-tax Act, 1961. Additionally, the court ruled that interest under section 244A was allowable on refundable taxes after considering the MAT credit. The appeal filed by the Revenue was dismissed, and the questions of law were answered against the Revenue. en-us Tue, 06 Apr 2010 00:00:00 +0530 Tue, 06 Sep 2011 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76627 The court held that the Tribunal did not err in law in holding that credit for brought forward Minimum Alternative Tax (MAT) should be given from gross demand before charging interest under section 234B of the Income-tax Act, 1961. Additionally, the court ruled that interest under section 244A was allowable on refundable taxes after considering the MAT credit. The appeal filed by the Revenue was dismissed, and the questions of law were answered against the Revenue. Case-Laws Income Tax Tue, 06 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76627