https://www.taxtmi.com/caselaws?id=201466 SC held that companies liable to tax under the MAT provisions (Sections 115J/115JA/115JB) are required to pay advance tax under Section 207 and, if they default, are liable to interest under Sections 234B and 234C. The court treated Sections 115J/115JA/115JB as special, but not excluded from the definition of "assessed tax"; assessed tax for interest purposes includes tax determined by applying the MAT provisions. Consequently, interest for failure to pay advance tax on MAT liability is inescapable and CBDT Circular No.13/2001 is inapplicable. en-us Fri, 07 Jan 2011 00:00:00 +0530 Mon, 25 Aug 2025 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201466 SC held that companies liable to tax under the MAT provisions (Sections 115J/115JA/115JB) are required to pay advance tax under Section 207 and, if they default, are liable to interest under Sections 234B and 234C. The court treated Sections 115J/115JA/115JB as special, but not excluded from the definition of "assessed tax"; assessed tax for interest purposes includes tax determined by applying the MAT provisions. Consequently, interest for failure to pay advance tax on MAT liability is inescapable and CBDT Circular No.13/2001 is inapplicable. Case-Laws Income Tax Fri, 07 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201466