https://www.taxtmi.com/caselaws?id=18963 In surtax computation, the dividend deductible from total income is the net dividend after section 80M relief, not the gross dividend, and this approach was applied against the assessee on that issue. On capital computation under rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, capital is not to be reduced proportionately merely because relief is allowed under Chapter VI-A of the Income-tax Act, 1961, and this issue was decided in favour of the assessee. The reference was thus disposed of with mixed answers on the two surtax questions. en-us Thu, 02 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 11:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18963 In surtax computation, the dividend deductible from total income is the net dividend after section 80M relief, not the gross dividend, and this approach was applied against the assessee on that issue. On capital computation under rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, capital is not to be reduced proportionately merely because relief is allowed under Chapter VI-A of the Income-tax Act, 1961, and this issue was decided in favour of the assessee. The reference was thus disposed of with mixed answers on the two surtax questions. Case-Laws Income Tax Thu, 02 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18963