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1980 (1) TMI 115 - ITAT CHANDIGARHExtract: ....... are entitled to be considered as reserves under r. 1(xi) (b) of the First Schedule to the Act. We, therefore, direct that these be so treated, both the issues are decided in all the asst. yrs. in favour of the assessee. The Surtax Officer directed to make necessary adjustment in the relevant Surtax assessments of the assessee. 25. Appeals allowed.
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