https://www.taxtmi.com/caselaws?id=352517 The ITAT Kolkata allowed the assessee's appeal, holding that surcharge and cess should be included in tax for calculating MAT credit under section 115JAA. The decision aligned with the legislative intent to consider the entire tax amount, including surcharge and cess, ensuring no unjust enrichment for the tax department. The ruling emphasized that tax, surcharge, and cess are statutory dues to be factored in for refund or adjustment under section 115JAA, ultimately resolving the issue in favor of the assessee. en-us Wed, 15 Nov 2017 00:00:00 +0530 Sat, 16 Dec 2017 10:32:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352517 The ITAT Kolkata allowed the assessee's appeal, holding that surcharge and cess should be included in tax for calculating MAT credit under section 115JAA. The decision aligned with the legislative intent to consider the entire tax amount, including surcharge and cess, ensuring no unjust enrichment for the tax department. The ruling emphasized that tax, surcharge, and cess are statutory dues to be factored in for refund or adjustment under section 115JAA, ultimately resolving the issue in favor of the assessee. Case-Laws Income Tax Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352517