MAT ( INTEREREST U/S 234B AND 234C

Suresh Goel (servuce) (335 Points)

10 May 2007  
in view of the latest decision of supreme court, there will be not liability of interest u/s 234 B and 234C, if a company pays tax on MAT liability.

a very useful and landmark decision


AS PER THE INFORMATION AVAILABLE : THE SC DECISION HAS NO RELEVANCE IN PRESENT SITUATION OF MAT.