https://www.taxtmi.com/caselaws?id=216283 The Tribunal upheld the decision of the Ld CIT(A) regarding the calculation of Minimum Alternate Tax (MAT) credit under section 115JAA, emphasizing that MAT payable under this section pertains only to income tax and does not include surcharge or education cess. The Tribunal concluded that tax credit under section 115JAA should only cover income tax and not surcharge or education cess. Additionally, the Tribunal dismissed the appeal filed by the assessee on the calculation of interest under sections 234B & 234C, affirming the decisions of the Ld CIT(A) on both issues. en-us Fri, 31 Aug 2012 00:00:00 +0530 Tue, 04 Sep 2012 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216283 The Tribunal upheld the decision of the Ld CIT(A) regarding the calculation of Minimum Alternate Tax (MAT) credit under section 115JAA, emphasizing that MAT payable under this section pertains only to income tax and does not include surcharge or education cess. The Tribunal concluded that tax credit under section 115JAA should only cover income tax and not surcharge or education cess. Additionally, the Tribunal dismissed the appeal filed by the assessee on the calculation of interest under sections 234B & 234C, affirming the decisions of the Ld CIT(A) on both issues. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216283