Can an assessee defer/postpone absorption of unabsorbed losses to utilize MAT credit?

A company has MAT credit of Rs. 50 cr and unabsorbed losses of Rs. 150 cr In AY 2020-21, company's taxable income before set off of CFL losses is Rs. 100 cr 

Question is - can assessee opt to deffer absorption of losses and declare income Rs. 100 cr and set off MAT credit against the corporate tax?    

 

Replies (1)
No if deferment is loss done it leads to cancellation of unabsorbed business losses.

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