https://www.taxtmi.com/caselaws?id=331583 The High Court upheld the Tribunal's decision that MAT credit should be adjusted after computing surcharge and education cess on the tax payable, contrary to the assessee's argument based on the Income Tax Return form. The Court ruled that surcharge and cess are integral parts of income tax, following the Finance Act, 2008 provisions. The appeal was dismissed, with each party bearing their own costs. en-us Fri, 12 Aug 2016 00:00:00 +0530 Tue, 01 Aug 2017 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331583 The High Court upheld the Tribunal's decision that MAT credit should be adjusted after computing surcharge and education cess on the tax payable, contrary to the assessee's argument based on the Income Tax Return form. The Court ruled that surcharge and cess are integral parts of income tax, following the Finance Act, 2008 provisions. The appeal was dismissed, with each party bearing their own costs. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331583