https://www.taxtmi.com/circulars?id=9286 The specified percentage for the special reserve deduction under section 36(1)(viii) is to be applied to total income after reducing that total by the deduction allowable under section 36(1)(viii); pending assessments should be adjusted and remedial action taken where the earlier, contrary clarification produced higher deductions. en-us Mon, 13 Aug 1979 00:00:00 +0530 Fri, 03 Jun 2011 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9286 The specified percentage for the special reserve deduction under section 36(1)(viii) is to be applied to total income after reducing that total by the deduction allowable under section 36(1)(viii); pending assessments should be adjusted and remedial action taken where the earlier, contrary clarification produced higher deductions. Circulars Income Tax Mon, 13 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9286