https://www.taxtmi.com/caselaws?id=387583 The Tribunal upheld the disallowance of the surcharge amounting to Rs. 551,61,01,115/- under Section 40(a)(iib) and dismissed the appeal and stay petition of the assessee. The surcharge was deemed an exclusive levy on the State Government undertaking and an appropriation of profits, making it non-deductible. 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 The Tribunal upheld the disallowance of the surcharge amounting to Rs. 551,61,01,115/- under Section 40(a)(iib) and dismissed the appeal and stay petition of the assessee. The surcharge was deemed an exclusive levy on the State Government undertaking and an appropriation of profits, making it non-deductible. Case-Laws Income Tax Fri, 11 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387583