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1982 (10) TMI 22 - HC - Income Tax
Extract:
.......ity to pay surtax cannot be allowed as a deduction from the total income of the assessee as expenditure wholly and exclusively laid out for the purpose of its business. We, therefore, answer the question that has been referred in the affirmative and against the assessee. The parties will pay and bear their own costs. SABYASACHI MUKHARJI J.-I agree.