https://www.taxtmi.com/caselaws?id=186597 The Tribunal held that Minimum Alternate Tax (MAT) credit should be adjusted against tax payable before Tax Deducted at Source (TDS) is deducted. The appellant, a printing and publishing business, claimed a refund for the assessment year 2001-2002. The Assessing Officer initially calculated the refund without considering the MAT credit, resulting in a lower refund. The Tribunal upheld the CIT (Appeals) decision, emphasizing the precedence of adjusting MAT credit against tax payable over TDS deduction, in accordance with section 115JAA of the Income-tax Act and previous Tribunal decisions. The correct order of adjustment between MAT credit and TDS was affirmed. en-us Fri, 15 Feb 2008 00:00:00 +0530 Fri, 23 Sep 2016 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186597 The Tribunal held that Minimum Alternate Tax (MAT) credit should be adjusted against tax payable before Tax Deducted at Source (TDS) is deducted. The appellant, a printing and publishing business, claimed a refund for the assessment year 2001-2002. The Assessing Officer initially calculated the refund without considering the MAT credit, resulting in a lower refund. The Tribunal upheld the CIT (Appeals) decision, emphasizing the precedence of adjusting MAT credit against tax payable over TDS deduction, in accordance with section 115JAA of the Income-tax Act and previous Tribunal decisions. The correct order of adjustment between MAT credit and TDS was affirmed. Case-Laws Income Tax Fri, 15 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186597