Court rules surtax not deductible when computing total income under Income-tax Act

The High Court of Karnataka ruled that surtax paid is not deductible when computing total income under the Income-tax Act, following the precedent set in International Instruments (P.) Ltd. [1983] 144 ITR 936.

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The High Court of Karnataka held that surtax paid is not an allowable deduction in computing total income under the Income-tax Act. The decision was based on a previous case involving International Instruments (P.) Ltd. [1983] 144 ITR 936.

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