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1991 (9) TMI 12 - HC - Income TaxExtract: .......ose of transferring profits to the capital redemption reserve fund is to prevent reduction of capital. On these facts, we are of the view that the Tribunal came to a correct conclusion. We, therefore, answer the question in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. SHY KUMAR SEN J.-I agree.
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