2018 (12) TMI 603

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....Usha Rani For the Respondent : R.Venkatanarayanan for M/s.Subbaraya Aiyar Padmanabhan JUDGMENT T.S.SIVAGNANAM, J. This appeal by the Revenue, filed under Section 260-A of the Income Tax Act, 1961 (The 'Act' for brevity), is directed against the order passed by the Income Tax Appellate Tribunal, Madras 'D' Bench, in ITA No.3361/Mds/2004, for the Assessment year 2001-02. ....

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....t amounting to Rs. 59,11,827/-, after calculating interest under Section 234-B and 234-C of the Act. The correctness of this order was challenged by the assessee by filing appeal before the Tribunal. The Tribunal followed the decision in the case of Chemplast Sanmar (reported in 83 TTJ 427) and directed that brought forward MAT credit available is to be treated on par with the advance tax and adva....