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1976 (7) TMI 26 - BOMBAY HIGH COURTExtract: .......e as on November 1, 1964. So far as question No. 2 is concerned, the sum of Rs. 5,20,000 out of dividend equalisation reserve account, being the amount transferred to the said account during the current year, was not includible in the computation of capital for surtax purposes as a reserve as on November 1, 1964. Each party will bear its own costs.
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