https://www.taxtmi.com/article/detailed?id=5529 Whether tax paid for MAT credit includes surcharge and cess is resolved by reference to the Finance Act charging mechanism, the inclusive statutory definition of tax, MAT provisions using the phrases tax paid and tax payable, and Supreme Court authority treating surcharge as part of income-tax; on that basis the full statutory tax liability paid under MAT, inclusive of surcharge and cess, should be regarded as eligible for MAT credit, notwithstanding a tribunal decision to the contrary. en-us Wed, 19 Mar 2014 11:12:32 +0530 Wed, 19 Mar 2014 11:12:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5529 Whether tax paid for MAT credit includes surcharge and cess is resolved by reference to the Finance Act charging mechanism, the inclusive statutory definition of tax, MAT provisions using the phrases tax paid and tax payable, and Supreme Court authority treating surcharge as part of income-tax; on that basis the full statutory tax liability paid under MAT, inclusive of surcharge and cess, should be regarded as eligible for MAT credit, notwithstanding a tribunal decision to the contrary. Articles Income Tax Wed, 19 Mar 2014 11:12:32 +0530 https://www.taxtmi.com/article/detailed?id=5529