1987 (3) TMI 15 - HC - Income Tax

Summary

The High Court of Calcutta, in response to an application by Simon Carves India Ltd., held that surtax payable cannot be deducted in computing total income under the Income-tax Act, 1961. The court issued a certificate for appeal to the Supreme Court on the question of whether surtax liability can be allowed as a deduction. The reference was disposed of without any order as to costs.