Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1957 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1957 (2) TMI 82 - HC - Income TaxExtract: .......e of the profit and loss account is carried forward to another account described as "undivided profits", that by itself constitutes reserve. In our opinion, it is impossible to accept that contention in view of the decision of the Supreme Court. The result is that we must answer the question in the negative. The assessee to pay the costs.
|