https://www.taxtmi.com/caselaws?id=22151 Amounts admissible as deduction under section 80J are not treated as sums not includible in income for purposes of exclusion under rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964. The Punjab and Haryana High Court followed its earlier decisions, which had also been approved by the Supreme Court, and held that such deductions could not be excluded while computing capital for surtax purposes. The issue was answered in favour of the assessee and against the Revenue. en-us Tue, 16 Apr 1991 00:00:00 +0530 Mon, 07 Dec 2009 15:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22151 Amounts admissible as deduction under section 80J are not treated as sums not includible in income for purposes of exclusion under rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964. The Punjab and Haryana High Court followed its earlier decisions, which had also been approved by the Supreme Court, and held that such deductions could not be excluded while computing capital for surtax purposes. The issue was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 16 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22151