Allowed set off of MAT Credit inclusive of Surcharge, Education Cess
Last updated: 26 July 2021
Court :
ITAT Mumbai
Brief :
In M/s. Tata Motors Ltd. v. DCIT(LTU)-2 [ITA No. 2397/Mum/2019 decided on June 25, 2021], M/s. Tata Motors Ltd. ('the Appellant') filed an appeal against the order of Commissioner of Income Tax (Appeals)-1, Mumbai ('the Respondent') computing set-off of Minimum Alternate Tax ('MAT') credit under Section 115JAA of the Income Tax Act, 1961 ('the IT Act') excluding surcharge and cess resulting in short grant of MAT credit of Rs. 21,70,98,794/-.
Citation :
ITA No. 2397/Mum/2019 decided on June 25, 2021
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Bimal Jain
Published in Income Tax
Views : 160
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