https://www.taxtmi.com/caselaws?id=334191 The High Court of Madras ruled in Tax Case Appeals concerning MAT credit set off against tax payable under the Income Tax Act. Referring to precedent, the Court favored the assessee, highlighting adverse consequences if the Department's stance was upheld. Consequently, the Court ruled against the department, leading to the rejection/dismissal of the appeals with no costs, and closure of related petitions. en-us Wed, 19 Oct 2016 00:00:00 +0530 Sat, 05 Nov 2016 07:20:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334191 The High Court of Madras ruled in Tax Case Appeals concerning MAT credit set off against tax payable under the Income Tax Act. Referring to precedent, the Court favored the assessee, highlighting adverse consequences if the Department's stance was upheld. Consequently, the Court ruled against the department, leading to the rejection/dismissal of the appeals with no costs, and closure of related petitions. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334191