1965 (12) TMI 35 - SC - Income Tax

Whether any surcharge can be levied on the agricultural income-tax payable for the assessment year 1957-58 ?

Held that:- The Surcharge Act having come into force on September 1, 1957, and the said Act not being retrospective in operation, it could not be regarded as law in force at the commencement of the year of assessment 1957-58. Since the Surcharge Act was not the law in force on April 1, 1957, no surcharge could be levied under the said Act against the appellant in the assessment year 1957-58. Appeal allowed.