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2016 (1) TMI 351 - AT - Income TaxMAT computation - whether the surcharge and educational cess is leviable only after giving credit for MAT and thereafter the tax computation made by the AO in ITNS-7 attached with the impugned order dated 27.11.2014, is not a correct way of tax calculation? - Held that:- CIT(A) has correctly understood the mode of computation of tax and issued correct direction to the AO that while computing the tax, first give credit of MAT and thereafter, charge the surcharge & education cess. Since we do not find any infirmity in the direction of the CIT(A) we confirm this order. - Decided against revenue Additional depreciation u/s 32(1)(iia) - Withdrawal of additional depreciation earlier allowed to the assessee by AO u/s 154 - CIT(A) allowed the claim - Held that:- Additional depreciation cannot be denied to the assessee merely on the ground that electricity is not a article or thing. Since the issue is highly debatable, a view taken by the AO while computing the assessment cannot be revised u/s 154 of the Act. We therefore, find no justification to interfere with the order of Ld. CIT(A) as he has rightly adjudicated the issue. - Decided against revenue
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