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2020 (5) TMI 338 - AT - Income TaxMAT credit - inclusion of surplus and cess - HELD THAT:- Issue involved vide aforesaid grounds is squarely covered by the decision of the Tribunal in the case of ‘DCIT Ludhiana vs M/s Aarti Steels Ltd.’ [2018 (10) TMI 1836 - ITAT CHANDIGARH] wherein, the identical issue was raised and the Tribunal after deliberating the issue and analyzing the provisions of section 115JA and 2(43) of the Act read with relevant clauses of the Finance Act has held that the MAT credit allowable to the assessee is inclusive of surcharge and cess.
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