https://www.taxtmi.com/caselaws?id=28640 Section 80J relief was treated as a Chapter VI-A deduction in computing total income, not as income, profits or gains excluded from inclusion at the threshold under the Income-tax Act. On that basis, rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964 applies only where part of the company's income is not includible in total income under the Act, and does not extend to deductions of the Chapter VI-A kind. The company's capital was therefore not liable to proportionate reduction for surtax purposes on account of section 80J relief, and the answer was in favour of the assessee. en-us Wed, 24 Nov 1982 00:00:00 +0530 Wed, 24 Feb 2010 15:11:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28640 Section 80J relief was treated as a Chapter VI-A deduction in computing total income, not as income, profits or gains excluded from inclusion at the threshold under the Income-tax Act. On that basis, rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964 applies only where part of the company's income is not includible in total income under the Act, and does not extend to deductions of the Chapter VI-A kind. The company's capital was therefore not liable to proportionate reduction for surtax purposes on account of section 80J relief, and the answer was in favour of the assessee. Case-Laws Income Tax Wed, 24 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28640