Debatable MAT Loss Adjustment Can’t Be Rectified U/s 154: ITAT Quashes Rs. 40.68 Crore Demand Against Fiat India

HomeDirect TaxDebatable MAT Loss Adjustment Can’t Be Rectified U/s 154: ITAT Quashes Rs....

Debatable MAT Loss Adjustment Can’t Be Rectified U/s 154: ITAT Quashes Rs. 40.68 Crore Demand Against Fiat India

Direct Tax Top Stories

Published on

03/02/2026

By Mariya Paliwala

Debatable MAT Loss Adjustment Can’t Be Rectified U/s 154: ITAT Quashes Rs. 40.68 Crore Demand Against Fiat India

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a Rs. 40.68 crore tax demand raised against Fiat India Automobiles Pvt. Ltd., holding that adjustments relating to brought-forward losses and unabsorbed depreciation while computing book profits under Section 115JB (MAT provisions) involve debatable issues and cannot be reopened through rectification proceedings under…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Mariya Paliwala https://www.jurishour.in/

Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Tags
MAT Loss Adjustment

Debatable MAT Loss Adjustment Can’t Be Rectified U/s 154: ITAT Quashes Rs. 40.68 Crore Demand Against Fiat India

Membership Required

Latest articles

IBC Overrides GST: Himachal Pradesh High Court Orders Unblocking of Rs. 4.27 Cr ITC After Resolution Plan Approval

Minority Shareholders Can’t Be Unfairly Discounted in Quasi-Partnership Share Valuation Disputes: Karnataka High Court

DGGI Agra | Bombay High Court Orders Non-Bailable Warrant, Lookout Notice Against Director for Repeated Contempt

GST | Freezing of Cash Credit Accounts Illegal: Bombay High Court

More like this

IBC Overrides GST: Himachal Pradesh High Court Orders Unblocking of Rs. 4.27 Cr ITC After Resolution Plan Approval

Minority Shareholders Can’t Be Unfairly Discounted in Quasi-Partnership Share Valuation Disputes: Karnataka High Court

DGGI Agra | Bombay High Court Orders Non-Bailable Warrant, Lookout Notice Against Director for Repeated Contempt

About us

Company

Categories