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Commissioner of Income Tax vs Sage Metals Limited | Delhi High Court Holds MAT Credit u/s 115JAA Must Be Set Off Before Charging Interest u/s 234B & 234C
Facts of the CaseSeveral assessees, including Sage Metals Limited,
had accumulated MAT credit under Section 115JAA arising from taxes paid under
Section 115JA in earlier years.During assessment proceedings, the Revenue...
The Commissioner of Income Tax-V v. NIS Sparta Limited, decided by the Delhi High Court on 06.02.2009, the following professional case-law blog format may be used. The judgment formed part of a batch of appeals concerning the adjustment of MAT Credit under Section 115JAA while computing interest under Sections 234B and 234C of the Income-tax Act, 1961.
Facts of the Case:
The assessees had accumulated MAT Credit under Section 115JAA arising from
payment of Minimum Alternate Tax under Section 115JA in earlier years. While
determining tax liability for subsequent asses...
Commissioner of Income Tax-V vs Nokia India Limited (Delhi High Court) – MAT Credit u/s 115JAA to be Set Off Before Levy of Interest u/s 234B & 234C; Rectification u/s 154 Not Permissible on Debatable Issue [ITA No. 914/2007]
Facts of the Case
The Revenue challenged orders of the Income Tax Appellate Tribunal
which had held that MAT credit available under Section 115JAA should be
adjusted before computing interest under Sections...
The judgment relates to a batch of appeals, and for ITA No. 969/2007, the proper case title is Commissioner of Income Tax-II v. Mitsubishi Corporation India (P) Ltd.
Facts of the CaseThe controversy before the Delhi
High Court arose from a batch of income tax appeals involving the
interpretation of the provisions relating to Minimum Alternate Tax (MAT) credit
under Section 115JAA ...
Commissioner of Income Tax vs. M/s Insilco Limited (2009:DHC:420-DB) | MAT Credit under Section 115JAA to be Set Off Before Levy of Interest under Sections 234B and 234C
Facts of the
CaseThe Revenue challenged various orders of the Income
Tax Appellate Tribunal wherein the Tribunal had held that MAT Credit available
under Section 115JAA must be adjusted against the tax liability befor...
Commissioner of Income Tax-V vs Negolice India Private Limited | Delhi High Court | MAT Credit under Section 115JAA to be Set Off Before Levy of Interest under Sections 234B and 234C
Facts of the
CaseSeveral appeals filed by the Revenue involved a
common question regarding the treatment of MAT credit under Section 115JAA
while computing interest under Sections 234B and 234C. The assessees had paid...
Commissioner of Income Tax v. Indian Sugar Exim Corporation Ltd. | Delhi High Court Clarifies MAT Credit Set-Off Before Levy of Interest under Sections 234B & 234C and Scope of Rectification under Section 154 (2009)
Facts of the Case
The Revenue filed appeals against several assessees, including
Indian Sugar Exim Corporation Ltd., involving a common legal issue
relating to MAT credit under Section 115JAA and inte...
Commissioner of Income Tax vs IMI Norgren Herion Pvt. Ltd. & Connected Appeals – MAT Credit Set-Off Before Levy of Interest Under Sections 234B and 234C
Facts of the
CaseThe assessees had accumulated MAT Credit under
Section 115JAA on account of payment of Minimum Alternate Tax in earlier
assessment years. While computing tax liability for subsequent years, they
clai...
Commissioner of Income Tax, Delhi-I, New Delhi vs. M/s Abhinandan Investment Ltd. [2009] 2009:DHC:395-DB (Delhi High Court)
Facts of the
CaseThe Revenue filed an appeal under Section 260A of
the Income-tax Act, 1961 against the order dated 07.09.2006 passed by the
Income Tax Appellate Tribunal in ITA No. 4790/Del/2002 for Assessment Year
...
Commissioner of Income Tax, Delhi-I, New Delhi vs. M/s Abhinandan Investment Ltd. – Carry Forward of Loss Determined by Assessing Officer under Sections 80, 139(3) and 260A of the Income Tax Act, 1961
Facts of the
CaseThe Revenue filed an appeal before the Delhi High
Court under Section 260A of the Income Tax Act, 1961 challenging the order
dated 07.09.2006 passed by the Income Tax Appellate Tribunal in relation to...