https://www.taxtmi.com/caselaws?id=367058 The High Court dismissed the Tax Case Appeal, ruling in favor of the Assessee. It held that MAT credit should be set off before TDS and Advance Tax paid, and that MAT credit can be given priority of set off against tax payable. The court based its decision on previous judicial interpretations and upheld that MAT credit under Section 115JAA should be given effect before charging interest under Sections 234A, 234B, and 234C of the Act. No costs were awarded in this matter. en-us Thu, 16 Aug 2018 00:00:00 +0530 Fri, 14 Sep 2018 06:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367058 The High Court dismissed the Tax Case Appeal, ruling in favor of the Assessee. It held that MAT credit should be set off before TDS and Advance Tax paid, and that MAT credit can be given priority of set off against tax payable. The court based its decision on previous judicial interpretations and upheld that MAT credit under Section 115JAA should be given effect before charging interest under Sections 234A, 234B, and 234C of the Act. No costs were awarded in this matter. Case-Laws Income Tax Thu, 16 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367058