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1995 (4) TMI 13 - MADRAS HIGH COURTExtract: .......omputing the chargeable profits under the Surtax Act. Therefore, we hold that the deposit made in lieu of surcharge on income-tax is not deductible for computing the chargeable profit under the Surtax Act. Accordingly, we answer the question referred to us in the negative and in favour of the Department. However, there will be no order as to costs.
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