https://www.taxtmi.com/caselaws?id=15372 The court held that the capital redemption reserve should be considered part of the capital for surtax computation, aligning with the nature of share capital as per the Companies Act. The judgment favored the assessee, affirming the Tribunal's decision and answering the referred question in the affirmative, in favor of the assessee and against the Revenue. en-us Thu, 21 Oct 1999 00:00:00 +0530 Thu, 06 Aug 2009 11:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15372 The court held that the capital redemption reserve should be considered part of the capital for surtax computation, aligning with the nature of share capital as per the Companies Act. The judgment favored the assessee, affirming the Tribunal's decision and answering the referred question in the affirmative, in favor of the assessee and against the Revenue. Case-Laws Income Tax Thu, 21 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15372