https://www.taxtmi.com/caselaws?id=394570 The ITAT allowed the appeal filed by the assessee regarding the computation of tax under section 115JB and MAT credit under section 115JAA. The decision emphasized the correct calculation method for MAT credit, aligning with previous judgments and the CBDT's prescribed format for tax calculations. The ITAT highlighted the importance of including surcharge in the tax liability computation for MAT credit purposes, ultimately ruling in favor of the assessee. en-us Wed, 05 Feb 2020 00:00:00 +0530 Fri, 17 Apr 2020 15:06:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394570 The ITAT allowed the appeal filed by the assessee regarding the computation of tax under section 115JB and MAT credit under section 115JAA. The decision emphasized the correct calculation method for MAT credit, aligning with previous judgments and the CBDT's prescribed format for tax calculations. The ITAT highlighted the importance of including surcharge in the tax liability computation for MAT credit purposes, ultimately ruling in favor of the assessee. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394570