MAT Credit eligible on Surcharge, Education Cess & Additional Surcharges

Adurjee & Bros Pvt. Ltd. Vs DCIT (ITAT Pune)

ITAT noted that the assessee claimed MAT credit utilized to an extent of 33,41,567/- u/s. 115JAA of the Act, the CPC, Bangalore allowed MAT credit to an extent of Rs.30,73,272/- and disallowed Rs.2,68,295/-. The contention of ld. AR, Shri R.S. Abhyankar is that tax includes surcharge and cess. The assessee is entitled to entire credit as claimed to an extent of Rs.33,4 1,567/- and placed reliance on the decision of Hon’ble Supreme Court in the case of K. Srinivasan reported in 83 ITR 346 (SC). The CIT(A

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