https://www.taxtmi.com/caselaws?id=206513 The court ruled in favor of the Revenue, finding that the interpretation of the proviso to Section 113 of the Income Tax Act, 1961 for the block period of 1991-92 to 2001-02 was clarificatory and not retrospective. It held that surcharge was applicable on the assessed tax amount independent of the income tax liability of the assessee. The court referenced previous decisions and Finance Acts to support its judgment, allowing all Tax Appeals and reversing the Tribunal's orders in favor of the Revenue. en-us Wed, 27 Jul 2011 00:00:00 +0530 Fri, 04 Nov 2011 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206513 The court ruled in favor of the Revenue, finding that the interpretation of the proviso to Section 113 of the Income Tax Act, 1961 for the block period of 1991-92 to 2001-02 was clarificatory and not retrospective. It held that surcharge was applicable on the assessed tax amount independent of the income tax liability of the assessee. The court referenced previous decisions and Finance Acts to support its judgment, allowing all Tax Appeals and reversing the Tribunal's orders in favor of the Revenue. Case-Laws Income Tax Wed, 27 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206513