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1996 (2) TMI 47 - HC - Income TaxExtract: .......pital computation as a reserve for the purposes of surtax under the Companies (Profits) Surtax Act, 1964. While answering this question the Supreme Court held as stated above. In view of the above decision of the Supreme Court, we answer the question referred to us in the negative and in favour of the Department. There will be no order as to costs.
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