1996 (10) TMI 46

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..... on the facts and in the circumstances of the case, the Tribunal was right in holding that the surtax payable by the assessee under the Companies (Profits) Surtax Act, 1964, for the corresponding surtax assessment year cannot be allowed as a deduction in computing its total income ? " The Supreme Court has now held in Smith Kline and French (India) Ltd. v. CIT [1996] 219 ITR 581 that the said pay .....

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