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1985 (10) TMI 88 - BOMBAY HIGH COURTExtract: .......c, known or existing liability in mind. The Tribunal was, therefore, right in holding that the deferred taxation reserve was includible in the computation of the assessee s capital. Accordingly, both questions are answered in the affirmative and in favour of the assessee. The Revenue shall pay to the assessee the costs of the references in one set.
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