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Wms Gaming Solutions India Pvt. Ltd..,, ... vs Assistant Commissioner Of ... on 18 August, 2017
cites
Section 115JB in The Income Tax Act, 1961 [Entire Act]
Krishi Rasayan Exports Pvt. Ltd., ... vs Acit, Rg-12, Kolkata, Kolkata on 8 March, 2017
11. The Hyderabad Bench of Tribunal also referred to the facts and issue
decided in Richa Global Exports Pvt. Ltd. Vs. ACIT (supra) and held as under:-
Pitney Bowes India (P) Ltd., New Delhi vs Dcit, New Delhi on 29 May, 2017
Similar issue of allowance of tax
credit for tax paid on deemed income i.e. computation of eligible MAT credit arose
before the Hyderabad Bench of Tribunal in Virtusa (India) (P) Ltd. Vs. DCIT (2016)
157 ITD 1160 (Hyd). The Hyderabad Bench of Tribunal held that the tax liabilities
for normal provisions as well as MAT to be calculated with Surcharge and
Education Cess and the assessee was entitled to total MAT credit adjustments i.e.
against taxes and Surcharge and Cess. In this regard, reference was made to sub-
section (5) to section 115JAA of the Act i.e. for setting o ff in respect of brought
forward tax credit and it was held that the term used 'tax' included surcharge and
it was held as under:-
The Code of Civil Procedure, 1908
Section 154 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
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