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1981 (3) TMI 32 - CALCUTTA HIGH COURT
Extract:
....... contingencies reserve to be a reserve for the computation of the capital under the relevant provisions. In the premises, the question referred to this court must be answered in the affirmative and in favour of the assessee. In the facts and circumstances of this case, the parties will pay and bear their own costs. SUDHINDRA MOHAN GUHA J.- I agree.