Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1993 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1993 (9) TMI 90 - BOMBAY HIGH COURTExtract: .......he capital of the assessee. The Tribunal was, therefore, not right in refusing to treat the, same as a reserve for computing the capital of the company for the purpose of surtax. In the light of the above discussion, we answer the question referred to us in the negative, i.e., in favour of the assessee and against the Revenue. No order as to costs.
|