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of <h1>High Court rules deduction limit exceeded in tax case for AY 1975-76. Incremental liability not relevant.</h1> <h3>Commissioner Of Income-Tax Versus Chembra Peak Estates Limited</h3> Commissioner Of Income-Tax Versus Chembra Peak Estates Limited - [1990] 185 ITR 556 The High Court of Kerala ruled against the assessee in a tax case for the assessment year 1975-76. The court held that the assessee was not entitled to a deduction of Rs. 1,50,204 as it exceeded the permissible limit of 8-1/3% of employee salary. The decision was based on a previous ruling that incremental liability is not relevant under the Income-tax Act. The court answered the question referred in the negative, in favor of the Revenue.
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