Latest - TMI e-Newsletter
Forget password
New User/ Regiser
1995 (12) TMI 22 - Income Tax
Extract:
.......hat there is no infirmity in the order passed by the Tribunal in coming to the conclusion that the debenture redemption reserve fund in the present case is only a reserve and not a provision and that it should be included in the capital base. Accordingly, we answer the question referred to us in the affirmative and against the Department. No costs.