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2001 (2) TMI 877 - AT - Income TaxExtract: ....... if the total income of the firm exceeded Rs. 1 lakh. In the instant case, the total income of the assessee-firm was less than Rs. 1 lakh. Therefore, there was no warrant for levying surcharge and the learned first Appellate Authority was justified in deleting the amount of surcharge levied. 4. In the result, the appeal of the Revenue is dismissed.
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