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1988 (11) TMI 102 - HC - Income TaxExtract: .......es. In the circumstances, we have to direct the Tribunal to determine the excess of the provision over liabilities in respect of these items in the light of the principles enunciated in the aforesaid decision and treat the excess alone, if any, as reserve for the purpose of capital computation. The order is, accordingly, made. No order as to costs.
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