Gujarat HC to Decide Tax Credit Eligibility for Assessee under Income Tax Act

The Gujarat HC admitted a Tax Appeal to determine if the assessee is entitled to tax credit for surcharge and education cess under section 115JB of the Income Tax Act, 1961.

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The Gujarat High Court admitted a Tax Appeal to consider the substantial question of law regarding the Income Tax Appellate Tribunal's decision to allow the benefit of tax credit for surcharge and education cess paid by the assessee whose income is computed under section 115JB of the Income Tax Act, 1961. (Citation: 2018 (2) TMI 1825 - GUJARAT HIGH COURT)

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