https://www.taxtmi.com/caselaws?id=187161 The High Court dismissed the Revenue's appeal against the Tribunal's decision to delete the surcharge levied under Section 113 of the Income Tax Act, 1961. The Court found the issue of levy of surcharge while computing tax demand to be debatable and relied on precedents to rule in favor of the assessee. The Court noted that the question of retrospective applicability of an amendment in Section 113 was debatable at the time of the Tribunal's decision, ultimately leading to the dismissal of the Revenue's appeal. en-us Mon, 18 Aug 2008 00:00:00 +0530 Wed, 12 Oct 2016 14:49:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187161 The High Court dismissed the Revenue's appeal against the Tribunal's decision to delete the surcharge levied under Section 113 of the Income Tax Act, 1961. The Court found the issue of levy of surcharge while computing tax demand to be debatable and relied on precedents to rule in favor of the assessee. The Court noted that the question of retrospective applicability of an amendment in Section 113 was debatable at the time of the Tribunal's decision, ultimately leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 18 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187161