https://www.taxtmi.com/caselaws?id=773094 Tribunal ruled that surcharge under Income Tax Act is leviable only when total income exceeds Rs. 50 lakhs. In this case, appellant's income of Rs. 44,690 did not meet the statutory threshold. The SC precedent and coordinate bench decisions were relied upon to quash the surcharge demand, emphasizing strict interpretation of Maximum Marginal Rate and income tax provisions. Appeal was allowed, setting aside the erroneous tax computation. en-us Fri, 02 May 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773094 Tribunal ruled that surcharge under Income Tax Act is leviable only when total income exceeds Rs. 50 lakhs. In this case, appellant's income of Rs. 44,690 did not meet the statutory threshold. The SC precedent and coordinate bench decisions were relied upon to quash the surcharge demand, emphasizing strict interpretation of Maximum Marginal Rate and income tax provisions. Appeal was allowed, setting aside the erroneous tax computation. Case-Laws Income Tax Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773094