Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1993 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1993 (2) TMI 62 - HC - Income TaxExtract: .......e Reserve Bank of India had, retrospective effect inasmuch as these pertained to the profits of the previous years ending on March 31, 1971, and March 31, 1972. The dividends so declared must be deducted from the relevant general reserves. Accordingly, the questions are answered in the affirmative and in favour of the Revenue. No order as to costs.
|