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1994 (9) TMI 113 - ITAT BANGALOREExtract: .......the company kept outside its books can in no way be considered as part of the reserves of the company for the purpose of computation of capital base for surtax purposes. We, therefore, uphold the action of the CIT(A) in refusing to entertain the claim of the assessee in this regard. 8. In the result, the appeals filed by the assessee are dismissed.
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