https://www.taxtmi.com/circulars?id=8998 Income-tax Officers may examine reserves and provisions in the balance sheet and reduce a company's capital base where provisions for taxation or proposed dividend are absent or inadequate; rule 1A permits reduction by the amount not credited or the shortfall, and treats reasonable credit for proposed dividend as corresponding to dividends declared or paid on or after the relevant previous year. en-us Thu, 08 Jul 1976 00:00:00 +0530 Wed, 01 Jun 2011 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8998 Income-tax Officers may examine reserves and provisions in the balance sheet and reduce a company's capital base where provisions for taxation or proposed dividend are absent or inadequate; rule 1A permits reduction by the amount not credited or the shortfall, and treats reasonable credit for proposed dividend as corresponding to dividends declared or paid on or after the relevant previous year. Circulars Income Tax Thu, 08 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8998