https://www.taxtmi.com/circulars?id=4725 The circular clarifies that the reserve required under section 33A must equal 75% of the development allowance actually allowed to the assessee; for tea companies the reserve is to be computed on the portion of the allowance that is permitted for tax purposes rather than on the gross calculated planting cost, and the reserve must be debited to profit and loss and credited to a reserve account for later utilisation in the business. en-us Wed, 03 Feb 1982 00:00:00 +0530 Sat, 02 Aug 2008 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4725 The circular clarifies that the reserve required under section 33A must equal 75% of the development allowance actually allowed to the assessee; for tea companies the reserve is to be computed on the portion of the allowance that is permitted for tax purposes rather than on the gross calculated planting cost, and the reserve must be debited to profit and loss and credited to a reserve account for later utilisation in the business. Circulars Income Tax Wed, 03 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4725