https://www.taxtmi.com/caselaws?id=121143 The Tribunal upheld the CIT(A)'s order, ruling that interest under sections 234B & 234C of the Income-tax Act should be charged after setting off MAT credit. The Tribunal found that the Assessing Officer's order could not be rectified under section 154 for debatable issues and emphasized that tax credit should be set off before calculating interest, in accordance with section 115JAA. The Tribunal dismissed the revenue's appeal, confirming that the set off of MAT credit should precede the calculation of interest under sections 234B & 234C. en-us Fri, 28 Jul 2006 00:00:00 +0530 Thu, 26 Jul 2012 18:33:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121143 The Tribunal upheld the CIT(A)'s order, ruling that interest under sections 234B & 234C of the Income-tax Act should be charged after setting off MAT credit. The Tribunal found that the Assessing Officer's order could not be rectified under section 154 for debatable issues and emphasized that tax credit should be set off before calculating interest, in accordance with section 115JAA. The Tribunal dismissed the revenue's appeal, confirming that the set off of MAT credit should precede the calculation of interest under sections 234B & 234C. Case-Laws Income Tax Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121143