https://www.taxtmi.com/caselaws?id=5540 A surtax assessment computed on the basis of an income-tax assessment may be rectified under section 13 of the Companies (Profits) Surtax Act when the underlying income-tax order is later altered on appeal. The revised income-tax liability becomes part of the record for surtax purposes, and the earlier deduction or adjustment in the surtax computation can be corrected to keep both assessments in conformity. The limitation period is applied to the order actually sought to be amended, not to the original assessment when the rectification targets a later amended order. The challenge to the second rectification therefore failed, and the recomputed surtax liability was sustained. en-us Wed, 20 Nov 1996 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5540 A surtax assessment computed on the basis of an income-tax assessment may be rectified under section 13 of the Companies (Profits) Surtax Act when the underlying income-tax order is later altered on appeal. The revised income-tax liability becomes part of the record for surtax purposes, and the earlier deduction or adjustment in the surtax computation can be corrected to keep both assessments in conformity. The limitation period is applied to the order actually sought to be amended, not to the original assessment when the rectification targets a later amended order. The challenge to the second rectification therefore failed, and the recomputed surtax liability was sustained. Case-Laws Income Tax Wed, 20 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5540