https://www.taxtmi.com/caselaws?id=416358 The Tribunal upheld the decision of the ld. CIT(A) regarding the set off of MAT credit u/s.115JAA against tax on total income, including surcharge and education cess. It was determined that surcharge and education cess are part of income tax and should be included in the MAT credit eligible to be carried forward. The Tribunal relied on established legal principles and previous High Court decisions, dismissing the Revenue's appeal and affirming that the tax portion for carrying forward MAT credit should encompass surcharge and education cess. en-us Wed, 24 Nov 2021 00:00:00 +0530 Mon, 27 Dec 2021 06:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416358 The Tribunal upheld the decision of the ld. CIT(A) regarding the set off of MAT credit u/s.115JAA against tax on total income, including surcharge and education cess. It was determined that surcharge and education cess are part of income tax and should be included in the MAT credit eligible to be carried forward. The Tribunal relied on established legal principles and previous High Court decisions, dismissing the Revenue's appeal and affirming that the tax portion for carrying forward MAT credit should encompass surcharge and education cess. Case-Laws Income Tax Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416358