https://www.taxtmi.com/caselaws?id=6318 The SC dismissed the appeal and ruled in favor of the revenue, holding that surcharge and additional surcharge are included within the meaning of "income-tax" under sections 2(2)(a) and 2(2)(b) of the Finance Act 1964. The court rejected the HC's distinction that surcharges are levied only under the Finance Act while income-tax is levied under the Act, determining that surcharge constitutes an additional mode or rate for charging income-tax rather than a separate levy. The referred question was answered affirmatively for the revenue. en-us Fri, 05 Nov 1971 00:00:00 +0530 Mon, 14 Jul 2025 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6318 The SC dismissed the appeal and ruled in favor of the revenue, holding that surcharge and additional surcharge are included within the meaning of "income-tax" under sections 2(2)(a) and 2(2)(b) of the Finance Act 1964. The court rejected the HC's distinction that surcharges are levied only under the Finance Act while income-tax is levied under the Act, determining that surcharge constitutes an additional mode or rate for charging income-tax rather than a separate levy. The referred question was answered affirmatively for the revenue. Case-Laws Income Tax Fri, 05 Nov 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6318