https://www.taxtmi.com/caselaws?id=24969 Surtax payable under the Companies (Profits) Surtax Act, 1964 was not an admissible deduction in computing total income under the Income-tax Act, 1961. The Calcutta High Court treated the issue as governed by its earlier decision on the same point and followed that precedent. On that basis, it held that the Tribunal had correctly rejected the assessee's claim for deduction and answered the referred question in favour of the Revenue. en-us Mon, 09 Mar 1987 00:00:00 +0530 Sat, 23 Jan 2010 14:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24969 Surtax payable under the Companies (Profits) Surtax Act, 1964 was not an admissible deduction in computing total income under the Income-tax Act, 1961. The Calcutta High Court treated the issue as governed by its earlier decision on the same point and followed that precedent. On that basis, it held that the Tribunal had correctly rejected the assessee's claim for deduction and answered the referred question in favour of the Revenue. Case-Laws Income Tax Mon, 09 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24969