1988 (11) TMI 58

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..... Judge(s) : S. P. BHARUCHA., T. D. SUGLA JUDGMENT The judgment of the court was delivered by S. P. BHARUCHA J. -The question that arises in this reference reads thus : "Whether, on the facts .....

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..... [1981] 132 ITR 559, it is only the excess of provision for taxation or gratuity reserve over actual liability which requires to be treated as reserves for the purpose of capital computation. However, .....

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