https://www.taxtmi.com/caselaws?id=240651 The High Court dismissed the Revenue's appeal, affirming the order passed by the Income Tax Appellate Tribunal regarding the charging of interest under Sections 234B and C on the MAT credit under Section 115JAA for the assessment year 2003-04 related to National Fertilizers Limited. The Court held that the entitlement to claim set-off of MAT credit is not dependent on the assessing officer's determination but on meeting the conditions specified in Section 115JAA. The judgment clarifies the procedural aspect of claiming MAT credit and emphasizes the importance of giving credit for all taxes paid when determining the final tax liability. en-us Tue, 26 Nov 2013 00:00:00 +0530 Mon, 09 Dec 2013 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240651 The High Court dismissed the Revenue's appeal, affirming the order passed by the Income Tax Appellate Tribunal regarding the charging of interest under Sections 234B and C on the MAT credit under Section 115JAA for the assessment year 2003-04 related to National Fertilizers Limited. The Court held that the entitlement to claim set-off of MAT credit is not dependent on the assessing officer's determination but on meeting the conditions specified in Section 115JAA. The judgment clarifies the procedural aspect of claiming MAT credit and emphasizes the importance of giving credit for all taxes paid when determining the final tax liability. Case-Laws Income Tax Tue, 26 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240651