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 60 - BOMBAY HIGH COURTExtract: .......lls Ltd. s case 1985 151 ITR 220, we must hold that the general reserve could not have been reduced by the amount of bonus shares issued after the first day of the previous year and that the Tribunal was justified in its conclusion. The second question is, accordingly, answered in the affirmative and in favour of the assessee. No order as to costs.
|