https://www.taxtmi.com/caselaws?id=462369 The SC analyzed the legality of surcharge levied on income tax. The Tribunal found that since the appellant's total income was below Rs. 50 lakh, no surcharge should have been imposed. The 37% surcharge by the CIT(A) was deemed contrary to statutory provisions in the Finance Act. The Tribunal allowed the appeal, deleted the 37% surcharge, and held that surcharge is leviable only when income exceeds prescribed thresholds. en-us Wed, 11 Dec 2024 00:00:00 +0530 Mon, 16 Jun 2025 19:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462369 The SC analyzed the legality of surcharge levied on income tax. The Tribunal found that since the appellant's total income was below Rs. 50 lakh, no surcharge should have been imposed. The 37% surcharge by the CIT(A) was deemed contrary to statutory provisions in the Finance Act. The Tribunal allowed the appeal, deleted the 37% surcharge, and held that surcharge is leviable only when income exceeds prescribed thresholds. Case-Laws Income Tax Wed, 11 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462369