https://www.taxtmi.com/caselaws?id=288037 The Tribunal ruled that MAT credit should be adjusted before levying surcharge and education cess, aligning with prescribed methodology. The rectification proceedings under section 154 were deemed invalid due to conflicting views on MAT credit adjustment. The Tribunal directed the AO to allow MAT credit against tax liability before surcharge and cess, allowing the appeals of the assessee. en-us Tue, 12 Jul 2016 00:00:00 +0530 Fri, 15 May 2020 09:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288037 The Tribunal ruled that MAT credit should be adjusted before levying surcharge and education cess, aligning with prescribed methodology. The rectification proceedings under section 154 were deemed invalid due to conflicting views on MAT credit adjustment. The Tribunal directed the AO to allow MAT credit against tax liability before surcharge and cess, allowing the appeals of the assessee. Case-Laws Income Tax Tue, 12 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288037