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    <title>2016 (4) TMI 1126 - ITAT MUMBAI</title>
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    <description>The Appellate Tribunal ITAT Mumbai dismissed the Revenue&#039;s appeal for A.Y. 2001-02 regarding the allowance of interest under section 244A on MAT credits and the treatment of credit under section 115JA before charging interest under sections 234B and 234C. The Tribunal upheld the CIT(A)&#039;s decision, relying on judicial precedents, including the decisions of the Hon&#039;ble Bombay High Court in APAR Industries Ltd. case, in favor of the assessee.</description>
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      <description>The Appellate Tribunal ITAT Mumbai dismissed the Revenue&#039;s appeal for A.Y. 2001-02 regarding the allowance of interest under section 244A on MAT credits and the treatment of credit under section 115JA before charging interest under sections 234B and 234C. The Tribunal upheld the CIT(A)&#039;s decision, relying on judicial precedents, including the decisions of the Hon&#039;ble Bombay High Court in APAR Industries Ltd. case, in favor of the assessee.</description>
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