https://www.taxtmi.com/caselaws?id=244932 The High Court of Karnataka ruled in favor of the assessee, holding that MAT credit should be granted before charging interest under Sections 234B and 234C of the Income Tax Act. The Court relied on Supreme Court precedent and reiterated that the benefit of MAT credit should be confirmed for the relevant period. As a result, the appeal was disposed of in favor of the assessee, with the Court answering the questions against the revenue. en-us Mon, 10 Feb 2014 00:00:00 +0530 Sat, 21 Feb 2015 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244932 The High Court of Karnataka ruled in favor of the assessee, holding that MAT credit should be granted before charging interest under Sections 234B and 234C of the Income Tax Act. The Court relied on Supreme Court precedent and reiterated that the benefit of MAT credit should be confirmed for the relevant period. As a result, the appeal was disposed of in favor of the assessee, with the Court answering the questions against the revenue. Case-Laws Income Tax Mon, 10 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244932