THE ASSESSEE COMPANY HAS PAID TAX UNER MAT ON BOOK PROFIT OF 6090471 BECAUSE THE COMPANY WAS HAVING BROUGHT FORWARD LOSSES.THE ASSESSEE HAS PAID TAX UNDER MAT OF RS 1368347 AS PER RETURN OF INCOME.
\nADDITTIONS OF RS 5616738 WAS MADE UNDER 143(3) DETAILS ARE AS UNDER:
\nBOOK PROFIT AS PER TAX RETURN 6090471
\nADDITIONS U\/S 143(3) 5616738
\nTOTAL INCOME AS PER ASSESSMENT ORDER 11707209
\nTAX @ 18% 2107298
\nSC 158047
\nEC 67960
\nTOTAL TAX PAYABLE 2333305
\nLESS PREPAID TAXES 1368347
\nASSESSEE HAS MADE APPLICATION UNDER VISVAD SE VISHWAS SCHEME AND CIT HAS ISSUED FORM 3.AS PER FORM 3 TOTAL TAX PAYABLE IS 2333305( SAME AS PER ASSESSMENT ORDER). HOWEVER, BENEFIT OF PREPAID TAX OF RS. 1368347\/- WAS GIVEN IN ASSESSMENT ORDER BUT AS PER FORM 3 ISSUED BY CIT BENEFIT OF PREPAID TAX OF RS. 1368347\/-HAS NOT BEEN GIVEN. KINDLY ADVISE:
\nWHETHER CIT IS CORRECT IN NOT GIVING CREDIT OF RS. 1368347\/- OF PREPAID TAX.
\nIF CIT IS NOT CORRECT THEN HOW TO PROCEED AND IN WHAT MANNER. <\/p>\n","protected":false},"excerpt":{"rendered":"
THE ASSESSEE COMPANY HAS PAID TAX UNER MAT ON BOOK PROFIT OF 6090471 BECAUSE THE COMPANY WAS HAVING BROUGHT FORWARD LOSSES.THE ASSESSEE HAS PAID TAX UNDER MAT OF RS 1368347 AS PER RETURN OF INCOME. ADDITTIONS OF RS 5616738 WAS MADE UNDER 143(3) DETAILS ARE AS UNDER: BOOK PROFIT AS PER TAX RETURN 6090471 ADDITIONS U\/S 143(3) 5616738 TOTAL INCOME AS PER ASSESSMENT ORDER 11707209 TAX @ 18% 2107298 SC 158047 EC 67960 TOTAL TAX PAYABLE 2333305 LESS PREPAID TAXES 1368347 ASSESSEE HAS MADE APPLICATION UNDER VISVAD SE VISHWAS SCHEME AND CIT HAS ISSUED FORM 3.AS PER FORM 3 TOTAL TAX PAYABLE IS 2333305( SAME AS PER ASSESSMENT ORDER). HOWEVER, BENEFIT OF PREPAID TAX OF RS. 1368347\/- WAS GIVEN IN ASSESSMENT ORDER BUT AS PER FORM 3 ISSUED BY CIT BENEFIT OF PREPAID TAX OF RS. 1368347\/-HAS NOT BEEN GIVEN. KINDLY ADVISE: WHETHER CIT IS CORRECT IN NOT GIVING CREDIT OF RS. 1368347\/- OF PREPAID TAX. IF CIT IS NOT CORRECT THEN HOW TO PROCEED AND IN WHAT MANNER.<\/p>\n