https://www.taxtmi.com/caselaws?id=13808 The High Court of Delhi ruled in favor of the assessee in a case concerning the interpretation of provisions of the Finance Act, 1976 regarding surcharge on income-tax for the assessment year 1978-79. The court upheld the decision of the Commissioner of Income-tax (Appeals) and the Tribunal, allowing the claimed relief for a deposit made in compliance with the Companies Deposits (Surcharge on Income-tax) Scheme, 1976. The judgment emphasized the importance of timely deposits within the specified financial year and clarified the eligibility criteria for claiming relief under the Scheme, ultimately deciding in favor of the assessee against the Revenue. en-us Fri, 04 May 2001 00:00:00 +0530 Fri, 03 Jul 2009 10:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13808 The High Court of Delhi ruled in favor of the assessee in a case concerning the interpretation of provisions of the Finance Act, 1976 regarding surcharge on income-tax for the assessment year 1978-79. The court upheld the decision of the Commissioner of Income-tax (Appeals) and the Tribunal, allowing the claimed relief for a deposit made in compliance with the Companies Deposits (Surcharge on Income-tax) Scheme, 1976. The judgment emphasized the importance of timely deposits within the specified financial year and clarified the eligibility criteria for claiming relief under the Scheme, ultimately deciding in favor of the assessee against the Revenue. Case-Laws Income Tax Fri, 04 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13808