Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1976 (9) TMI 3 - SUPREME COURT
Hold that the development rebate reserve created by the company by duly charging the amount of profit and loss account, although liable as a deduction under the 1922 Act, constituted accumulated profits of the company within the meaning of section 2(6)(e). We accordingly affirm the decision of the High Court and dismiss this appeal
