{"id":11152,"date":"2020-04-04T05:05:38","date_gmt":"2020-04-04T05:05:38","guid":{"rendered":"http:\/\/itatonline.org\/digest\/vishwas\/procedural-questions-reduction-in-loss-mat-clarification-is-desired-from-cbdt\/"},"modified":"2020-04-04T05:06:30","modified_gmt":"2020-04-04T05:06:30","slug":"procedural-questions-reduction-in-loss-mat-clarification-is-desired-from-cbdt","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/procedural-questions-reduction-in-loss-mat-clarification-is-desired-from-cbdt\/","title":{"rendered":"Procedural questions- Reduction in loss , MAT- &#8211; Clarification is desired from CBDT"},"content":{"rendered":"<p>In cases of reduction in loss where taxpayer settles the dispute by payment of notional tax with a right to carry forward full loss as claimed. However, assessment records may continue to reflect the reduced losses as per the assessment order.<br \/>\nAlso, what is the mechanism to upgrade the assessment records with eligible amount of loss so as to avoid possible mis-match in subsequent year where loss is to be setoff? Similar issue may also arise in case of reduction in MAT \/ AMT credit as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In cases of reduction in loss where taxpayer settles the dispute by payment of notional tax with a right to carry forward full loss as claimed. However, assessment records may continue to reflect the reduced losses as per the assessment order. Also, what is the mechanism to upgrade the assessment records with eligible amount of loss so as to avoid possible mis-match in subsequent year where loss is to be setoff? Similar issue may also arise in case of reduction in MAT \/ AMT credit as well.<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/procedural-questions-reduction-in-loss-mat-clarification-is-desired-from-cbdt\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[7],"class_list":["post-11152","vishwas","type-vishwas","status-publish","hentry","expertname-ca-rajan-vora"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/11152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=11152"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11152"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11152"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=11152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}