https://www.taxtmi.com/caselaws?id=17052 For surtax capital computation, a later dividend appropriation was treated as relating back to the relevant accounting period, so the appropriated amount could not remain in general reserve on the first day of the previous year; this reduced the reserve available for capital purposes and the point was decided against the assessee. Relief allowed under Chapter VI-A of the Income-tax Act, 1961 was treated as a deduction from total income, not as income, profits and gains not includible in total income; accordingly, it did not fall within rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964, and that issue was decided in favour of the assessee. en-us Thu, 20 Jun 1996 00:00:00 +0530 Mon, 14 Sep 2009 18:19:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17052 For surtax capital computation, a later dividend appropriation was treated as relating back to the relevant accounting period, so the appropriated amount could not remain in general reserve on the first day of the previous year; this reduced the reserve available for capital purposes and the point was decided against the assessee. Relief allowed under Chapter VI-A of the Income-tax Act, 1961 was treated as a deduction from total income, not as income, profits and gains not includible in total income; accordingly, it did not fall within rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964, and that issue was decided in favour of the assessee. Case-Laws Income Tax Thu, 20 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17052