2025 (7) TMI 1381

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....espondent : Shri Arun Kanti Datta - CIT DR ORDER PER ANIKESH BANERJEE (JM): The instant appeal of the revenue was filed against the order of the Learned Commissioner of Income-tax / Addl / JCIT(A)-1, Chennai [hereinafter called, 'Ld. CIT(A)] passed under section 250 of the Income-tax Act, 1961 (in short, 'the Act') for Assessment Year 2021-22, date of order 17/12/2024. The impugned order ....

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....0,000/- and under section 41 of the Act amount to Rs. 1,14,54,951/-. The aggrieved assessee filed an appeal before the Ld. CIT(A) by challenging both the additions as well as the short MAT credit under section 115JAA of the Act. The Ld.CIT(A) allowed the appeal of the assessee and deleted the addition and directed the Ld.AO to adjust the MAT credit in the re-computation on giving effect to appella....

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....e was actually eligible for MAT credit to the extent of Rs. 29,94,40,364/-, out of the total brought forward MAT credit of Rs. 37,83,32,363/-. The assessee raised this issue before the Ld. CIT(A), and in the appellate proceedings, both additions were deleted. The Ld. CIT(A) also directed the Ld. AO to recompute the MAT credit and allow the correct set-off in the Order Giving Effect (OGE) to the....