https://www.taxtmi.com/caselaws?id=397952 Carry-forward and set-off of MAT credit under section 115JAA required fresh verification because the availability of credit for earlier assessment years had not been examined after giving effect to prior appellate orders. In the absence of such computation, the correctness of the rectification under section 154 could not be properly determined. The matter was therefore remanded to the Assessing Officer to recompute the actual MAT credit available in earlier years after implementing the appellate orders, and the rectification order was not finally sustained. en-us Mon, 31 Aug 2020 00:00:00 +0530 Wed, 02 Sep 2020 13:18:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397952 Carry-forward and set-off of MAT credit under section 115JAA required fresh verification because the availability of credit for earlier assessment years had not been examined after giving effect to prior appellate orders. In the absence of such computation, the correctness of the rectification under section 154 could not be properly determined. The matter was therefore remanded to the Assessing Officer to recompute the actual MAT credit available in earlier years after implementing the appellate orders, and the rectification order was not finally sustained. Case-Laws Income Tax Mon, 31 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397952