Case Name : CIT Vs. K. Srinivasan
Citation : 83 ITR 346 (SC)
Court : Supreme Court
Section : 4
Meaning : The expression ‘income-tax’ used in the finance act and the income-tax act includes surcharge and additional surcharge wherever provided in the act. The surcharge, the special surcharge and the additional surcharge form part of the income-tax and super tax and are not separate taxes by themselves.
Case Name : Bank Of India, In Re
Citation : 165 TAXMAN 627 (AAR – NEW DELHI)
Court : Aar
Section : 115J
Meaning : The expression ‘income-tax’ is used in section 115ja in a general sense, and not with reference to the income-tax chargeable under the provisions of the act alone. There is no justification to restrict the scope of the expression ‘income-tax’ to indian income-tax only.