https://www.taxtmi.com/caselaws?id=35833 Deductions under Chapter VI-A of the Income-tax Act, 1961 are treated as deductions from total income and not as income, profits or gains that are "not includible" in total income for rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964. The decisive expression "not includible" covers only income that is inherently incapable of inclusion under sections 4 and 5 of the Income-tax Act or is excluded under section 10; it does not extend to amounts first included in total income and then withdrawn by deduction under Chapter VI-A. The analysis states that this distinction governs the application of rule 4. en-us Thu, 30 Oct 1980 00:00:00 +0530 Wed, 17 Mar 2010 10:52:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35833 Deductions under Chapter VI-A of the Income-tax Act, 1961 are treated as deductions from total income and not as income, profits or gains that are "not includible" in total income for rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964. The decisive expression "not includible" covers only income that is inherently incapable of inclusion under sections 4 and 5 of the Income-tax Act or is excluded under section 10; it does not extend to amounts first included in total income and then withdrawn by deduction under Chapter VI-A. The analysis states that this distinction governs the application of rule 4. Case-Laws Income Tax Thu, 30 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35833