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1985 (9) TMI 70 - HC - Income TaxExtract: .......the capital of the assessee company under rule of the Second Schedule to the Companies (Profits) Surtax Act, 1964, and as far as the sum of Rs. 79 lakhs representing debenture redemption reserve is concerned, it will not be includible in computing the capital of the assessee for the aforesaid purpose. The assessee to pay the costs of the reference.
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