thus the total tax levied on the appellant came to rs.
51763 was its income from other sources.
948335 was its business income while rs.
23845.47 was charged on rs.
from the judgment and order dated the 15th october 1968 of the madras high companyrt in writ petition number 2252 of 1965.
d. karkhanis and s. p. nayar for the respondent.
23845.47 plus rs.
539386 and levied on it an additional surcharge of rs.
52828.60 i.e. rs.
these contentions were rejected by the high companyrt and hence this appeal.
civil appellate jurisdiction civil appeal number 1795 of 1970.
52828.60.
out of this rs.
51763 only though for the purposes of rate the income was taken at rs.
the appellant filed a writ petition in the high companyrt of madras under article 226 of the constitution to challenge an assessment order dated august 22 1963 made by the respondent levying additional surcharge on its residual income.
1000098.
since under section 81 i a of the income tax act 1961 a company operative society engaged in the business of banking is number liable to pay income tax on its business income the tax amounting to rs.
its total income for the assessment year 1963 64 was companyputed by the respondent at rs.
the appellant is a companyoperative society engaged in the business of banking.
applying the finance act xiii of 1963 the respondent companyputed the residual income of the appellant at rs.
t. desai and t. a. ramachandran for the appellant.
the high companyrt dismissed the writ petition by its judgment dated october is 1968 but it has granted to the appellant a certificate to file an appeal to this companyrt under articles 133 a and c of the constitution.
the judgment of the companyrt was delivered by chandrachudj.
