https://www.taxtmi.com/caselaws?id=188628 The Tribunal upheld the decision of the ld. CIT(Appeals) in allowing the claim of the assessee regarding MAT credit entitlement of an amalgamated company. The Tribunal found that the amalgamated company is entitled to claim MAT credit based on the assets and liabilities acquired through amalgamation. The appeal filed by the Revenue was partly allowed, dismissing the grounds raised by the Revenue in relation to both the disallowance under section 14A of the Income Tax Act and the MAT credit entitlement issue. en-us Fri, 31 Jan 2014 00:00:00 +0530 Sat, 10 Dec 2016 10:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188628 The Tribunal upheld the decision of the ld. CIT(Appeals) in allowing the claim of the assessee regarding MAT credit entitlement of an amalgamated company. The Tribunal found that the amalgamated company is entitled to claim MAT credit based on the assets and liabilities acquired through amalgamation. The appeal filed by the Revenue was partly allowed, dismissing the grounds raised by the Revenue in relation to both the disallowance under section 14A of the Income Tax Act and the MAT credit entitlement issue. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188628