https://www.taxtmi.com/caselaws?id=28927 For section 23A, the assessed total income under section 23 was the starting point, and the company could not reopen the completed assessment to rework income by fresh deductions; the undistributed balance therefore remained sufficient to attract super-tax, against the assessee. The deductible tax under section 23A(1)(a) was only the actual income-tax and super-tax payable, not a gross figure later reduced by rebate; the net tax after rebate applied, against the assessee. The initial gratuity fund contribution was not deductible in computing commercial profits under section 23A, because commercial profits are judged on ordinary accounting principles; the section 23A liability was upheld, in favour of the Revenue. en-us Thu, 24 Jun 1982 00:00:00 +0530 Mon, 08 Mar 2010 16:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28927 For section 23A, the assessed total income under section 23 was the starting point, and the company could not reopen the completed assessment to rework income by fresh deductions; the undistributed balance therefore remained sufficient to attract super-tax, against the assessee. The deductible tax under section 23A(1)(a) was only the actual income-tax and super-tax payable, not a gross figure later reduced by rebate; the net tax after rebate applied, against the assessee. The initial gratuity fund contribution was not deductible in computing commercial profits under section 23A, because commercial profits are judged on ordinary accounting principles; the section 23A liability was upheld, in favour of the Revenue. Case-Laws Income Tax Thu, 24 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28927