https://www.taxtmi.com/caselaws?id=7465 The court held that the term "income-tax" in the Finance Act, 1964, does not encompass surcharge and additional surcharge. The decision favored the assessee, ruling that surcharges are distinct from income-tax and super-tax based on statutory provisions and constitutional distinctions. The court emphasized that taxing statutes should be construed in favor of the taxpayer in cases of ambiguity. Each party was to bear their own costs, and the judgment was to be sent to the Income-tax Appellate Tribunal as per the Income-tax Act, 1961. en-us Thu, 19 Sep 1968 00:00:00 +0530 Fri, 20 Feb 2009 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7465 The court held that the term "income-tax" in the Finance Act, 1964, does not encompass surcharge and additional surcharge. The decision favored the assessee, ruling that surcharges are distinct from income-tax and super-tax based on statutory provisions and constitutional distinctions. The court emphasized that taxing statutes should be construed in favor of the taxpayer in cases of ambiguity. Each party was to bear their own costs, and the judgment was to be sent to the Income-tax Appellate Tribunal as per the Income-tax Act, 1961. Case-Laws Income Tax Thu, 19 Sep 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7465