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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

CIT (A) has erred in not giving the due credit of MAT u/s 115JAA ...

Case Laws     Income Tax

May 12, 2016

CIT (A) has erred in not giving the due credit of MAT u/s 115JAA as MAT includes surcharge on MAT as well as education cess and the same was undisputedly paid by the assessee during the year under assessment - AT

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  11. The assessee failed to claim the Minimum Alternate Tax (MAT) credit in the original income tax return and did not file a revised return. The Assessing Officer (AO) did...

  12. Restriction of MAT credit - whether for the purposes of computing the MAT credit u/s 115JAA whether tax include surcharge and education cess or not? - Held Yes

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