https://www.taxtmi.com/caselaws?id=246772 In a stay application, the ITAT Pune declined to suspend recovery of the outstanding tax demand because the merits of the disputed section 10B disallowance were still pending in appeal. The Tribunal noted that the assessee's claim for MAT credit under section 115JAA against tax paid under section 115JB had not yet been finally verified, and therefore directed the Assessing Officer to examine that claim and recompute the net outstanding demand accordingly. Stay on recovery was refused at that stage, but the demand was required to be reconsidered after MAT credit adjustment. en-us Fri, 11 Apr 2014 00:00:00 +0530 Thu, 17 Apr 2014 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246772 In a stay application, the ITAT Pune declined to suspend recovery of the outstanding tax demand because the merits of the disputed section 10B disallowance were still pending in appeal. The Tribunal noted that the assessee's claim for MAT credit under section 115JAA against tax paid under section 115JB had not yet been finally verified, and therefore directed the Assessing Officer to examine that claim and recompute the net outstanding demand accordingly. Stay on recovery was refused at that stage, but the demand was required to be reconsidered after MAT credit adjustment. Case-Laws Income Tax Fri, 11 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246772