https://www.taxtmi.com/caselaws?id=387583 Surcharge on sales tax paid by a State Government undertaking was treated as a levy attached to the assessee's FL 9 licence business privilege and as payable only by the assessee itself. The analysis rejected the argument that it was merely sales tax in another form, noting that the surcharge was not recoverable from customers and amounted to a flow back of profits to the State. It was therefore brought within section 40(a)(iib) as a fee or charge levied exclusively on the undertaking, and the deduction was disallowed. en-us Fri, 11 Oct 2019 00:00:00 +0530 Fri, 25 Oct 2019 15:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387583 Surcharge on sales tax paid by a State Government undertaking was treated as a levy attached to the assessee's FL 9 licence business privilege and as payable only by the assessee itself. The analysis rejected the argument that it was merely sales tax in another form, noting that the surcharge was not recoverable from customers and amounted to a flow back of profits to the State. It was therefore brought within section 40(a)(iib) as a fee or charge levied exclusively on the undertaking, and the deduction was disallowed. Case-Laws Income Tax Fri, 11 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387583