In case of change in shareholding of more than 51% of a company , the Company cannot carry forwad loss u/s 79 of the Income Tax Act, 1961, however can the company carry forward MAT Credit after such change in shareholding?
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Carry forward of MAT Credit in case change in shareholding.
Replies (2)
credit of loss and MAT credit both are different things and you can not compare them
I think both sec 79 and MAT provisions are independent of each other........MAT credit can be c/f....
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