Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1989 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1989 (9) TMI 20 - BOMBAY HIGH COURTExtract: .......dend was distributed from out of the general reserve and not from out of the general reserve of the earlier years. The case is, therefore, squarely covered by the Supreme Court decision in Vazir Sultan Tobacco Co. Ltd. v. CIT 1981 132 ITR 559. The question is, accordingly, answered in the negative and in favour of the Revenue. No order as to costs.
|