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2023 (3) TMI 102
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....Shri Ramnath P. Murkunde ORDER PER INTURI RAMA RAO, A M: This is an appeal filed by the assessee directed against the order of ld. Commissioner of Income Tax (Appeals)- 11, Pune ['the CIT(A)'] dated 04.05.2022 for the assessment year 2011-12. 2. Briefly, the facts of the case are that the appellant is a company engaged in the business of manufacturing of M. S. Billets from melting M.S.....
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....f appeal was also filed before the ld. CIT(A) praying that the MAT credits have been allowed without considering the corresponding surcharge and education cess. However, the ld. CIT(A) rejected both the grounds of appeal placing reliance on the decision of the Hon'ble Calcutta High Court in the case of Srei Infrastructure Finance Ltd. vs. DCIT, 72 taxmann.com 239 (Cal.) wherein it has held that MA....