Dismissing the appeal of the revenue the Court held that tax credit includes surcharge and cess. Circular No. 3 of 2018, dated July 11, 2018 ([2018] 405 ITR (St.) 29), issued by the Central Board of Direct Taxes fixed the monetary limit for filing appeals by the Department before the Tribunals, the High Courts and the Supreme Court and para 4 therein states that for the purposes of the circular, the tax effect shall be tax including applicable surcharge and cess. (AY. 2009-10)
PCIT v. Scope International Pvt. Ltd. (2020)429 ITR 500 (Mad.)(HC)
S. 115JAA : Book profit-Deemed income-Tax credit includes surcharge and cess-Appellate Tribunal-Monetary limit-Includes surcharge and cess. [S. 2(43), 115WA, 253]