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        F. Acts / Amendment Acts

        Section 15 - Amendment of section 33AC

        Finance Act, 2002
        Chapter III
        DIRECT TAXES

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        Reserve account excess limitation: allowance disallowed when reserves exceed specified multiple of paid-up capital and reserves. Amendment limits deduction under the reserve provision by disallowing allowance for amounts in the reserve account that exceed a specified multiple of the aggregate of paid-up share capital, general reserves and share premium account credits.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Reserve account excess limitation: allowance disallowed when reserves exceed specified multiple of paid-up capital and reserves.

                                Amendment limits deduction under the reserve provision by disallowing allowance for amounts in the reserve account that exceed a specified multiple of the aggregate of paid-up share capital, general reserves and share premium account credits.


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