https://www.taxtmi.com/highlights?id=91434 The ITAT allowed the assessee's appeal, directing the AO to grant MAT credit under section 115JAA against normal tax liability. The tribunal held that the assessee is entitled to set off accumulated MAT credits to the extent of the excess normal tax liability over MAT liability, with any remaining credit to be carried forward and adjusted in subsequent years as per law. The CIT(A)'s denial of MAT credit was found to lack legal basis. Consequently, the assessee's claim for relief through MAT credit was upheld in full. en-us Sat, 09 Aug 2025 09:54:16 +0530 Sat, 09 Aug 2025 09:54:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91434 The ITAT allowed the assessee's appeal, directing the AO to grant MAT credit under section 115JAA against normal tax liability. The tribunal held that the assessee is entitled to set off accumulated MAT credits to the extent of the excess normal tax liability over MAT liability, with any remaining credit to be carried forward and adjusted in subsequent years as per law. The CIT(A)'s denial of MAT credit was found to lack legal basis. Consequently, the assessee's claim for relief through MAT credit was upheld in full. Highlights Income Tax Sat, 09 Aug 2025 09:54:16 +0530 https://www.taxtmi.com/highlights?id=91434