https://www.taxtmi.com/caselaws?id=470086 Carried-forward MAT credit claimed in a revised return may justify staying recovery of an outstanding tax and interest demand where the credit prima facie exceeds the demand. Verification of the credit's quantum and availability, along with rectification of computational errors, is required before adjustment. Where the credit is found admissible, it should be set off against the demand, making enforcement or further payment unwarranted. Recovery was stayed for six months pending verification and adjustment of the MAT credit. en-us Tue, 20 Aug 2024 00:00:00 +0530 Wed, 15 Jul 2026 18:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470086 Carried-forward MAT credit claimed in a revised return may justify staying recovery of an outstanding tax and interest demand where the credit prima facie exceeds the demand. Verification of the credit's quantum and availability, along with rectification of computational errors, is required before adjustment. Where the credit is found admissible, it should be set off against the demand, making enforcement or further payment unwarranted. Recovery was stayed for six months pending verification and adjustment of the MAT credit. Case-Laws Income Tax Tue, 20 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470086