https://www.taxtmi.com/caselaws?id=29113 The High Court ruled in favor of the assessee, determining that the deduction under section 101(2) of the Income Tax Act should be calculated based on the average rate of super-tax on the total income, not specifically on the dividend income from the industrial undertaking. The court upheld the Tribunal's decision, affirming the assessee's entitlement to relief at the average super-tax rates for the respective assessment years 1962-63 and 1963-64. The Revenue was directed to pay costs. en-us Thu, 09 Apr 1981 00:00:00 +0530 Wed, 10 Mar 2010 18:25:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29113 The High Court ruled in favor of the assessee, determining that the deduction under section 101(2) of the Income Tax Act should be calculated based on the average rate of super-tax on the total income, not specifically on the dividend income from the industrial undertaking. The court upheld the Tribunal's decision, affirming the assessee's entitlement to relief at the average super-tax rates for the respective assessment years 1962-63 and 1963-64. The Revenue was directed to pay costs. Case-Laws Income Tax Thu, 09 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29113