SC: Confirmation of an Auction Sale Does Not Bar Judicial Scrutiny of Reserve Price Valuation || Supreme Court Sets Aside Conviction of Four Men in a 1998 Gang Rape Case || Supreme Court: Privy Purse Privileges of Princely Rulers are Not Enforceable Legal Rights || Delhi HC: Repeated Court Summons May Distress and Re-Traumatize Child Sexual Assault Victims || Jammu and Kashmir High Court: Labeling Someone as a Terrorist Associate Amounts to Defamation || Delhi HC: Setting Aside or Altering a Judge’s Order by a Higher Court Doesn’t Affect Their Integrity || Delhi High Court: Accused Cannot be Faulted For Smart Replies; Interrogator Must be Sharper || Supreme Court: Belated Jurisdictional Challenge Impermissible After Participation in Arbitration || Supreme Court: Failure to Prove Specific Overt Acts of Each Unlawful Assembly Member Not Fatal || Supreme Court: Parental Salary Alone Cannot Determine OBC Creamy Layer Status

Search Results for Tag : 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

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