1997 (10) TMI 10 - HC - Income Tax

Summary

The High Court of Madras addressed a combined reference for the assessment year 1974-75, involving questions related to deduction of surtax and approval of gratuity fund. The Court ruled that surtax paid by the assessee is not deductible in computing total income, following a Supreme Court decision. The Court also upheld an earlier order regarding the gratuity fund approval, answering in favor of the Revenue.