https://www.taxtmi.com/caselaws?id=461531 The SC/Tribunal ruled that the surcharge levied by the tax authority was unwarranted. Since the assessee's total income (Rs. 16,24,880) did not exceed the Rs. 50 lakh threshold under the Finance Act, 2021, the surcharge of Rs. 1,73,278 was deleted. The decision affirmed the statutory income tax threshold for surcharge applicability. en-us Wed, 29 May 2024 00:00:00 +0530 Fri, 11 Apr 2025 18:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461531 The SC/Tribunal ruled that the surcharge levied by the tax authority was unwarranted. Since the assessee's total income (Rs. 16,24,880) did not exceed the Rs. 50 lakh threshold under the Finance Act, 2021, the surcharge of Rs. 1,73,278 was deleted. The decision affirmed the statutory income tax threshold for surcharge applicability. Case-Laws Income Tax Wed, 29 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461531