Supreme Court · 2010 INSC 884 · Decided 16 December 2010
Commissioner of Income Tax, Chennai v. Tulsyan Nec LTD.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 884 · [2010] 14 S.C.R. 1114
- Case number
- CIVIL APPEAL No. 10677/2010
- Decided
- 16 December 2010
- Bench
- S.H. KAPADIA, K.S. RADHAKRISHNAN, SWATANTER KUMAR (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act Section 115JA
Headnote
Income Tax Act, 1961: ss.115JAA, 234A, 2348, 234C - C Minimum Alternate Tax (MAT) credit admissible in terms of s. 115JAA is to be set off against the tax payable before calculating interest u/ss. 234A, B and C of the Act. The question which arose D instant appeals was whether MAT credit admissible in terms of Section 115JAA of the Income Tax Act, 1961 has to be set off against the tax payable (assessed tax) before calculating interest under Sections 234A, B and C of the Act. E Dismissing the appeals, the Court HELD: 1. As per the
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)