https://www.taxtmi.com/caselaws?id=21569 The High Court held that the petitioner-company was not entitled to claim a deduction for surtax paid under section 154 of the Income-tax Act. The court emphasized the lack of maintainability of the application under section 154, citing the debatable nature of the issue and the prevailing rulings against allowing such deductions. As a result, the court ruled in favor of the revenue authorities, with each party bearing their own costs. en-us Wed, 05 Aug 1992 00:00:00 +0530 Wed, 25 Nov 2009 14:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21569 The High Court held that the petitioner-company was not entitled to claim a deduction for surtax paid under section 154 of the Income-tax Act. The court emphasized the lack of maintainability of the application under section 154, citing the debatable nature of the issue and the prevailing rulings against allowing such deductions. As a result, the court ruled in favor of the revenue authorities, with each party bearing their own costs. Case-Laws Income Tax Wed, 05 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21569