2025 (8) TMI 591

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....Respondent : Shri Mandeep Panwar, Sr.DR ORDER PER PRADIP KUMAR KEDIA, AM : The captioned appeal has been filed at the instance of the assessee seeking to assail the First Appellate order dated 11.07.2024 passed by Ld. Commissioner of Income Tax (A), National Faceless Appeal Centre ("NFAC"), Delhi ["Ld.CIT(A)"] u/s 250 of the Income Tax Act, 1961 ["the Act"] arising from the order dated 19....

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....y under the normal provision vis-a-vis MAT liability. The tax liability as per the normal provision stood at INR 6,21,000/- whereas the tax liability under s. 115JA stood at INR 5,03,625/- and consequently the assessee was entitled to MAT credit of INR 1,17,383/- i.e. excess liability in the normal provisions over the MAT liability. The CPC, Income Tax Department while processing return of income ....

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....n accordance with law. 5. On perusal of record placed before us, we find apparent merit in the plea of the assessee. As pointed out on behalf of the assessee, the assessee has claimed MAT credit to the tune of INR 1,17,383/- against the tax liability as per the normal provisions of the Act. The action of the assessee seeking MAT credit to the extent of excessive liability under normal provision....