High Court Rules Surcharge on Sales and Turnover Tax Not Disallowable u/s 40(a)(iib) of Income-tax Act.

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....Revision u/s 263 by CIT - additions u/s 40(a)(iib) - The gallonage fee, licence fee and shop rental (kist) with respect to FL­9 and FL­1 licences granted to the appellant will, squarely fall within the purview of Section 40(a)(iib) of the Income-­tax Act, 1961. The surcharge on sales tax and turnover tax, is not a fee or charge coming within the scope of Section 40(a)(iib)(A) or 40(a)(iib)(B), as such same is not an amount which can be disallowed under the said provision and disallowance made in this regard is rightly set aside by the High Court. - SC....