https://www.taxtmi.com/caselaws?id=35375 The High Court held that the assessee could adjust the MAT credit before charging interest under sections 234B & 234C, aligning with previous rulings. It was determined that the MAT credit should take precedence over tax payable, in accordance with the Act's provisions rather than Form 1's scheme. The Court dismissed the appeals against the revenue, emphasizing the correct order of adjustments and upholding consistency with established legal interpretations. en-us Tue, 01 Dec 2009 00:00:00 +0530 Thu, 25 Feb 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35375 The High Court held that the assessee could adjust the MAT credit before charging interest under sections 234B & 234C, aligning with previous rulings. It was determined that the MAT credit should take precedence over tax payable, in accordance with the Act's provisions rather than Form 1's scheme. The Court dismissed the appeals against the revenue, emphasizing the correct order of adjustments and upholding consistency with established legal interpretations. Case-Laws Income Tax Tue, 01 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35375