https://www.taxtmi.com/caselaws?id=759503 Gujarat HC quashed Form 3 under Direct Tax Vivad se Vishwas Scheme and rejection of rectification application. Court held petitioner entitled to carry forward reduced MAT Credit for tax payment under the scheme, supported by CBDT Circular FAQ. Respondent failed to consider AO's order permitting MAT Credit carry forward while calculating amount payable. Matter remanded to respondent for recalculation of refund entitlement under the scheme rules, considering AO's order under section 154. en-us Tue, 17 Sep 2024 00:00:00 +0530 Thu, 03 Oct 2024 07:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759503 Gujarat HC quashed Form 3 under Direct Tax Vivad se Vishwas Scheme and rejection of rectification application. Court held petitioner entitled to carry forward reduced MAT Credit for tax payment under the scheme, supported by CBDT Circular FAQ. Respondent failed to consider AO's order permitting MAT Credit carry forward while calculating amount payable. Matter remanded to respondent for recalculation of refund entitlement under the scheme rules, considering AO's order under section 154. Case-Laws Income Tax Tue, 17 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759503