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1949 (2) TMI 10 - CALCUTTA HIGH COURTExtract: .......capital provisions." The question referred to this Court must accordingly be answered in the negative and the sums standing to the credit of the different insurance funds as reserve for exceptional losses cannot be deducted under Rule 2 of Schedule II read with the explanatory sub-paragraph of the Excess Profits Tax Act, 1940. Das, J.-I agree.
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