Surcharge on Sales Tax and Turnover Tax is not a ‘Fee or Charge’: Kerala HCquashes Income Tax Assessments against Kerala Beverage Corporations [Read Judgment]

The High Court of Kerala has recently quashed the income tax assessment orders against the Kerala State Beverage Corporations where the Court held that the surcharge on sales tax and turnover tax is not a ‘fee or charge’ coming within the scope of Section 40 (a) (iib) of the Income Tax Act, 1961 and is […]

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