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1993 (10) TMI 17 - HC - Income TaxExtract: .......d that on the facts and in the circumstances of the case the amount of Rs. 75,000 should be considered as reserve liable to be included in the computation of capital base. Hence, question No. 2 is answered in the affirmative, i.e., in favour of the assessee and against the Revenue. Reference stands disposed of accordingly with no order as to costs.
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