1991 (3) TMI 23 - HC - Income Tax

Summary

The High Court of Bombay addressed two questions of law regarding excess provision for taxation and general reserve account in the assessee's assessment for the years 1972-73 to 1974-75. The court ruled in favor of the assessee for the first question based on previous judgments but in favor of the Revenue for the second question following a Supreme Court decision. No costs were awarded. (Case citation: 1991 (3) TMI 23 - BOMBAY High Court)