https://www.taxtmi.com/caselaws?id=70553 Surtax liability was treated as a non-deductible tax outgo in computing business income under the Income-tax Act, 1961. The assessee had claimed the amount as a business expense under section 37, but the Tribunal held that section 40(a)(ii) barred deduction of this tax liability and followed its earlier view that surtax does not qualify for deduction under section 37. The Supreme Court decision cited by the assessee was distinguished as not governing surtax liability, and the disallowance was sustained. en-us Fri, 19 Oct 1979 00:00:00 +0530 Sat, 16 Apr 2011 16:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70553 Surtax liability was treated as a non-deductible tax outgo in computing business income under the Income-tax Act, 1961. The assessee had claimed the amount as a business expense under section 37, but the Tribunal held that section 40(a)(ii) barred deduction of this tax liability and followed its earlier view that surtax does not qualify for deduction under section 37. The Supreme Court decision cited by the assessee was distinguished as not governing surtax liability, and the disallowance was sustained. Case-Laws Income Tax Fri, 19 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70553