https://www.taxtmi.com/caselaws?id=757887 The Tribunal dismissed the revenue's appeal, affirming the ld. CIT(A)'s order that surcharge and education cess should be included in calculating MAT credit under Section 115JAA of the Income Tax Act. Relying on a precedent set by the Delhi Tribunal, the Tribunal found no merit in the revenue's arguments and upheld the assessee's claim for the Assessment Year 2013-14. The decision emphasized that MAT credit from earlier years should encompass surcharge and education cess, thus rejecting the revenue's contention that these components are not part of income tax. The Tribunal's decision was announced on 12th February 2024. en-us Mon, 12 Feb 2024 00:00:00 +0530 Tue, 03 Sep 2024 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757887 The Tribunal dismissed the revenue's appeal, affirming the ld. CIT(A)'s order that surcharge and education cess should be included in calculating MAT credit under Section 115JAA of the Income Tax Act. Relying on a precedent set by the Delhi Tribunal, the Tribunal found no merit in the revenue's arguments and upheld the assessee's claim for the Assessment Year 2013-14. The decision emphasized that MAT credit from earlier years should encompass surcharge and education cess, thus rejecting the revenue's contention that these components are not part of income tax. The Tribunal's decision was announced on 12th February 2024. Case-Laws Income Tax Mon, 12 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757887