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

Vivek Agrawal (GST Practitioner) (181 Points)

19 December 2020  

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?