https://www.taxtmi.com/caselaws?id=14998 The case addressed the inclusion of dividends in the capital base for computing chargeable profits under the Companies (Profits) Surtax Act, 1964. The Tribunal ruled in favor of the Revenue, stating that dividends payable out of the general reserve should not be deducted from the general reserve for determining the company's capital. Additionally, the Tribunal upheld the relief granted under section 80J for the assessment years 1973-74 and 1974-75 in favor of the assessee, based on legal precedents and interpretations. The issues raised were settled accordingly in the judgment. en-us Mon, 03 Jul 2000 00:00:00 +0530 Mon, 27 Jul 2009 15:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14998 The case addressed the inclusion of dividends in the capital base for computing chargeable profits under the Companies (Profits) Surtax Act, 1964. The Tribunal ruled in favor of the Revenue, stating that dividends payable out of the general reserve should not be deducted from the general reserve for determining the company's capital. Additionally, the Tribunal upheld the relief granted under section 80J for the assessment years 1973-74 and 1974-75 in favor of the assessee, based on legal precedents and interpretations. The issues raised were settled accordingly in the judgment. Case-Laws Income Tax Mon, 03 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14998