https://www.taxtmi.com/caselaws?id=17862 A substantive surtax appeal under section 11(1) is to be decided on its merits and is not confined merely to rectification under section 13 when the underlying controversy remains live. Royalty paid by the assessee was also treated as deductible in computing chargeable profits under rule 1(ix) of the First Schedule to the Companies (Profits) Surtax Act, because the approval requirement attached to section 80MM of the Income-tax Act did not control that surtax computation. The reference was thus resolved in favour of the assessee on both issues. en-us Tue, 12 Mar 1996 00:00:00 +0530 Fri, 25 Sep 2009 12:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17862 A substantive surtax appeal under section 11(1) is to be decided on its merits and is not confined merely to rectification under section 13 when the underlying controversy remains live. Royalty paid by the assessee was also treated as deductible in computing chargeable profits under rule 1(ix) of the First Schedule to the Companies (Profits) Surtax Act, because the approval requirement attached to section 80MM of the Income-tax Act did not control that surtax computation. The reference was thus resolved in favour of the assessee on both issues. Case-Laws Income Tax Tue, 12 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17862