Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1997 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1997 (2) TMI 61 - MADRAS HIGH COURTExtract: ......., the sum of Rs. 76 lakhs was a provision and only Rs. 14 lakhs could be treated as a reserve in the computation of capital for the purpose of surtax. Inasmuch as the order passed by the Tribunal is not in conformity with the judgment of the Supreme Court cited above, we answer the question in the negative and in favour of the Department. No costs.
|