https://www.taxtmi.com/caselaws?id=202783 The Tribunal upheld the CIT(A)'s decision, ruling that the carry forward of MAT credit was permissible for a total of six years (one assessment year plus five succeeding years) in accordance with s. 115JAA(3). The Tribunal emphasized that statutory provisions prevail over circulars in case of conflicts, concluding that the assessee was entitled to the MAT credit for the assessment year 2003-04 based on the statutory interpretation provided. en-us Thu, 16 Apr 2009 00:00:00 +0530 Tue, 05 Nov 2013 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202783 The Tribunal upheld the CIT(A)'s decision, ruling that the carry forward of MAT credit was permissible for a total of six years (one assessment year plus five succeeding years) in accordance with s. 115JAA(3). The Tribunal emphasized that statutory provisions prevail over circulars in case of conflicts, concluding that the assessee was entitled to the MAT credit for the assessment year 2003-04 based on the statutory interpretation provided. Case-Laws Income Tax Thu, 16 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202783