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of <h1>Surtax not deductible in computing total income per High Court ruling</h1> <h3>Mohan Meakin Breweries Limited Versus Commissioner Of Income-Tax</h3> The High Court of Himachal Pradesh held that surtax payable by the assessee under the Companies (Profits) Surtax Act, 1964, for the corresponding surtax ... Company Surtax, Total Income The High Court of Himachal Pradesh held that surtax payable by the assessee under the Companies (Profits) Surtax Act, 1964, for the corresponding surtax assessment year cannot be allowed as a deduction in computing its total income. This decision was based on the Supreme Court ruling in Smith Kline and French (India) Ltd. v. CIT [1996] 219 ITR 581. The Tribunal's decision was upheld, and the reference was answered accordingly.
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