2018 (2) TMI 1825 - HC - Income Tax

Tax Appeal is admitted for consideration of following substantial question of law Whether the Income Tax Appellate Tribunal was right in law in allowing the benefit of tax credit to the assessee of the surcharge and education cess paid to the assessee whose income for the purpose of tax is computed in terms of section 115JB of the Income Tax Act, 1961?

Summary

The Gujarat High Court admitted a Tax Appeal to consider the substantial question of law regarding the Income Tax Appellate Tribunal's decision to allow the benefit of tax credit for surcharge and education cess paid by the assessee whose income is computed under section 115JB of the Income Tax Act, 1961. (Citation: 2018 (2) TMI 1825 - GUJARAT HIGH COURT)