https://www.taxtmi.com/caselaws?id=287479 The Appellate Tribunal ITAT MUMBAI upheld the order of the CIT(A) regarding the interpretation of MAT credit against tax liability inclusive of surcharge and education cess for the A.Y. 2011-12. The Tribunal dismissed the revenue's appeal, citing consistency with previous decisions and finding no error in the CIT(A)'s ruling. The Tribunal clarified that MAT credit should be deducted against the tax liability before surcharge and education cess or that the MAT credit amount should include surcharge and education cess for credit against the tax payable inclusive of surcharge and education cess. en-us Wed, 14 Jan 2015 00:00:00 +0530 Thu, 16 Apr 2020 11:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287479 The Appellate Tribunal ITAT MUMBAI upheld the order of the CIT(A) regarding the interpretation of MAT credit against tax liability inclusive of surcharge and education cess for the A.Y. 2011-12. The Tribunal dismissed the revenue's appeal, citing consistency with previous decisions and finding no error in the CIT(A)'s ruling. The Tribunal clarified that MAT credit should be deducted against the tax liability before surcharge and education cess or that the MAT credit amount should include surcharge and education cess for credit against the tax payable inclusive of surcharge and education cess. Case-Laws Income Tax Wed, 14 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287479