minimum alternative tax (MAT)
Jaanvi R Darji (47 Points)
09 January 2019
Can MAT carried forward in previous years can be set off in curent year even if the return is filed late?
Jaanvi R Darji (47 Points)
09 January 2019
Yash Lahoti
(101 Points)
Replied 09 January 2019
The provision is silent about this issue however, the courts have allowed the MAT credit in certain specified circumstances. You can refer this case - Commissioner Of Income Tax vs Cosmo Films Limited on 6 February, 2009.
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