11 December 2007
Yes it is compulsory to pay advance tax in the case of MAT as mentioned in CBDT Circular No.13/2001 dated 09/11/2001. Also Karnataka High Court in the case of Jindal Thermal Power has held that advancetax is payable under MAT. Thde decision of Supreme Court in the case of Kwality Biscuit pertains to Sec.115J and is not applicable for Sec.115JB.
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