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1992 (10) TMI 20 - HC - Income TaxExtract: .......aken into account in capital computation under rule 1. Rule 2 deals, inter alia, with reserves not so covered. The two funds in question do not so qualify for inclusion under rule 1. They are surpluses and/or reserves falling under rule 2. Question No. 5 is, therefore, answered in the affirmative and in favour of the assessee. No order as to costs.
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