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1 - 4 of 4 (0.16 seconds)Section 115JB in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income-Tax, Madras vs K. Srinivasan And K. Gopalan on 22 December, 1952
4. We have considered the rival submissions on either side and
perused the relevant material available on record. It is not in
dispute that if surcharge and education cess form part of income-
tax, then it has to be adjusted against the tax liability under the MAT
scheme. Article 271 of the Constitution of India in categorical term
says that surcharge and education cess include income-tax. This
was also clarified by the Apex Court in the case of K. Srinivasan
(supra). Therefore, this Tribunal do not find any reason to interfere
4 I.T.A. No.2549/Chny/17
with the order of the lower authority and accordingly the same is
confirmed.
Savita Oil Technologies Ltd., Mumbai vs Acit, Cc 8(4), Mumbai on 7 February, 2017
Hence, according to the Ld.
counsel, the CIT(Appeals) by rightly following the order of this
Tribunal in Saint Gobain Gyproc India Ltd. (supra), directed the
Assessing Officer to recompute and allow the MAT credit against
the tax liability.
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