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1992 (11) TMI 24 - BOMBAY HIGH COURTExtract: .......he nature of a provision for any liability. It must be treated as a reserve and hence it should not be deducted while computing the assessee s capital base for the relevant assessment year under the Companies (Profits) Surtax Act, 1964. Question No. 3(b) is, therefore, answered in the affirmative and in favour of the assessee. No order as to costs.
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