https://www.taxtmi.com/caselaws?id=385142 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to allow the carry forward and set off of Minimum Alternate Tax (MAT) credit to the assessee post-demerger, based on the High Court's order sanctioning the demerger scheme. It directed the Assessing Officer to verify and allow the carry forward of the unutilized MAT credit to subsequent years. The alternative claim by the assessee to allow the MAT credit to the resulting company was dismissed. The Tribunal dismissed the revenue's appeal and partly allowed the assessee's cross-objection. en-us Wed, 28 Aug 2019 00:00:00 +0530 Thu, 29 Aug 2019 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385142 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to allow the carry forward and set off of Minimum Alternate Tax (MAT) credit to the assessee post-demerger, based on the High Court's order sanctioning the demerger scheme. It directed the Assessing Officer to verify and allow the carry forward of the unutilized MAT credit to subsequent years. The alternative claim by the assessee to allow the MAT credit to the resulting company was dismissed. The Tribunal dismissed the revenue's appeal and partly allowed the assessee's cross-objection. Case-Laws Income Tax Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385142