https://www.taxtmi.com/caselaws?id=769850 Tribunal ruled in favor of the assessee, quashing the 37% surcharge improperly levied on tax liability. With total income of Rs. 3,48,040/- (below Rs. 5 crore threshold), no surcharge was legally leviable. The Central Processing Centre erroneously applied maximum surcharge rate, violating statutory provisions. Tribunal emphasized strict adherence to Finance Act, 2022 surcharge slabs and procedural fairness under section 143(1). en-us Wed, 30 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 14:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769850 Tribunal ruled in favor of the assessee, quashing the 37% surcharge improperly levied on tax liability. With total income of Rs. 3,48,040/- (below Rs. 5 crore threshold), no surcharge was legally leviable. The Central Processing Centre erroneously applied maximum surcharge rate, violating statutory provisions. Tribunal emphasized strict adherence to Finance Act, 2022 surcharge slabs and procedural fairness under section 143(1). Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769850