Karnataka HC: Can’t Provide Free Bus Service to Enable Voters to Reach Polling Booth || Gau. HC Declares Levy of Court Fee at the rate of 7% for Grant of Probate as Unconstitutional || Cal. HC: Can’t Say Retracted Statement to be Involuntary Without Being Examined by Court || Supreme Court: Union Directed to Deport 17 Foreigners in Assam’s Transit Camps || Recommendations Made by Gujarat HC for Promotions of Judicial Officers Upheld by Supreme Court || SC: Can’t Charge Friends/Relative for Offence of Bigamy by Mere Presence in Second Marriage || ICAI Rule Limiting Number of Tax Audits by Chartered Accountants Every Year Upheld by Supreme Court || Supreme Court Explains 7 Sub-Rights that Must be Protected by State During Land Acquisition || SC: Accused Can’t be Arrested by ED After Special Court has Taken Cognizance of PMLA Complaint || SC: Employees Filing Writ Petitions Against Air India After its Privatisation, Not Maintainable

Search Results for Tag : MAT credit

News

CBDT: No MAT Credit for Companies Opting for Lower Corporate Tax Rate(03.10.2019)

Central Board of Direct Taxes (CBDT) has issued a detailed circular that Minimum Alternate Tax (MAT) credit will not be available to a company that op.....

Tags : CBDT, MAT Credit

Judgments

Phrase "Prejudicial to the interest of the Revenue" is of wide import and is not confined to loss of taxes only(11.03.2024)

In facts of present case, the assessment was completed under Section 143(3) of the Income Tax Act, 1961 (IT Act). The assessee debited the provision f.....

Tags : Assessment, MAT credit, Calculation