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<h1>Surtax not deductible for assessment year 1974-75, High Court upholds Revenue's decision.</h1> The High Court of Madras ruled that surtax paid by the assessee is not deductible in computing total income for the assessment year 1974-75, following a ... Business Expenditure The High Court of Madras addressed a combined reference for the assessment year 1974-75, involving questions related to deduction of surtax and approval of gratuity fund. The Court ruled that surtax paid by the assessee is not deductible in computing total income, following a Supreme Court decision. The Court also upheld an earlier order regarding the gratuity fund approval, answering in favor of the Revenue.