https://www.taxtmi.com/caselaws?id=276861 A concession order issued under the enabling extension statute could not be read beyond its limited scope, so paragraph 12 of the Merged States (Taxation Concessions) Order, 1949 did not exclude section 23A of the Indian Income-tax Act, 1922 for the company or its shareholders. In computing assessable income under section 23A, only income-tax and super-tax were deductible; interest charged under section 18A was a separate liability and was not deductible. The shareholders also could not claim exemption under section 14(2)(c) for amounts included by the section 23A deeming provision, because that exemption did not override the charging fiction in the statutory scheme. en-us Wed, 08 Oct 1958 00:00:00 +0530 Mon, 19 Nov 2018 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276861 A concession order issued under the enabling extension statute could not be read beyond its limited scope, so paragraph 12 of the Merged States (Taxation Concessions) Order, 1949 did not exclude section 23A of the Indian Income-tax Act, 1922 for the company or its shareholders. In computing assessable income under section 23A, only income-tax and super-tax were deductible; interest charged under section 18A was a separate liability and was not deductible. The shareholders also could not claim exemption under section 14(2)(c) for amounts included by the section 23A deeming provision, because that exemption did not override the charging fiction in the statutory scheme. Case-Laws Income Tax Wed, 08 Oct 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276861