CHANGEPOND TECHNOLOGIES PVT LTD.,CHENNAI vs. ACIT (OSD) CORPORATE RANGE 1, CHENNAI

The assessee filed this appeal against the order of Commissioner of Income Tax (Appeals)-1, Chennai in dated 27.11.2017 for assessment year 2014-15.

M/s. Changepond Technologies Pvt. Ltd., the assessee, is engaged in the business of software development. While completing the assessment u/s. :-2-: 143(3) for assessment year 2014-15, the AO, inter alia, while giving MAT credit did not consider the surcharge and educational cess. Aggrieved, the assessee filed appeal before the Ld. CIT(A). The Ld. CIT(A) dismissed the appeal. Aggrieved, the assessee filed this appeal.

None appeared on behalf of the assessee. The Ld DR supported the orders of the lower authorities, although, the co-ordinate bench decision in the case of DCIT vs M/s. Saint Gobain Gyproc India Ltd (ITA No. 2122/Mds/2015 dated 03.02.2016) on this issue is in favour of the assessee, which was further applied by this tribunal in the case of ACIT vs M/s. Photon Infotech Pvt. Ltd., dated 20.03.2018. Following the co-ordinate bench decision, wherein it is held that MAT credit was to be calculated inclusive of surcharge and educational cess, we allow the assessee’s appeal.

In the result, the assessee’s appeal is allowed.