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<h1>ITAT Hyderabad: Surcharge Dismissed on Firm's Income Below Rs. 1 Lakh</h1> The ITAT Hyderabad dismissed the Revenue's appeal regarding the deletion of surcharge on an assessee-firm's income below Rs. 1 lakh. The Tribunal ruled ... Firm - Charge of tax The Appellate Tribunal ITAT Hyderabad dismissed the Revenue's appeal against the deletion of surcharge on the income of an assessee-firm below Rs. 1 lakh. The Tribunal held that surcharge was not applicable as the firm's total income was less than Rs. 1 lakh, in accordance with the relevant tax laws.
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