1989 (9) TMI 53 - HC - Income Tax

Summary

The High Court of Bombay ruled in favor of the assessee, stating that the company's capital should not be reduced in proportion to the deduction allowed under section 80-1 of the Income-tax Act, 1961. The judgment was delivered by Judge S. P. Bharucha. The case citation is 1989 (9) TMI 53 - BOMBAY High Court.