https://www.taxtmi.com/caselaws?id=69723 For computing chargeable profits under the Companies (Profits) Surtax Act, 1964, the exclusion in clause (vii) of Rule 1 of the First Schedule is linked to the sum with reference to which deduction is allowable under section 80G, not to the reduced deduction actually granted after the section 80G ceiling is applied. The phrase "with reference to which" governs the surtax adjustment and shows that the rule does not import the monetary cap in section 80G into the surtax computation. Accordingly, the adjustment is made on the full qualifying donation amount, and the assessee may exclude fifty per cent of that amount for surtax purposes. en-us Sat, 19 May 1979 00:00:00 +0530 Mon, 11 Apr 2011 17:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69723 For computing chargeable profits under the Companies (Profits) Surtax Act, 1964, the exclusion in clause (vii) of Rule 1 of the First Schedule is linked to the sum with reference to which deduction is allowable under section 80G, not to the reduced deduction actually granted after the section 80G ceiling is applied. The phrase "with reference to which" governs the surtax adjustment and shows that the rule does not import the monetary cap in section 80G into the surtax computation. Accordingly, the adjustment is made on the full qualifying donation amount, and the assessee may exclude fifty per cent of that amount for surtax purposes. Case-Laws Income Tax Sat, 19 May 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69723