30 June 2016
Hi Friends , assesse paid tax as per MAT for the A Y 2011-12 by wrong calculation of setoff of (carry forward losses or unabsorbed depreciation) which ever is lower. but actually there is no requirement to pay tax for that year as per MAT and normal provisions. order given U/s 143(3) and notice given U/s 250 for hearing now. can i claim refund of such earlier paid tax now. give me procedure to claim refund. Thank you.
CAclubindia
