https://www.taxtmi.com/caselaws?id=23434 A proposed dividend reserve does not qualify as "other reserves" for the statutory computation under rule 1 of the Second Schedule to the Super Profits Tax Act, 1963. Applying the Supreme Court's interpretation of that expression, the Bombay HC answered the issue in the negative and treated the proposed dividend reserve as outside the reserve base used for the computation, thereby favouring the Revenue. en-us Thu, 15 Dec 1988 00:00:00 +0530 Sat, 19 Dec 2009 12:47:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23434 A proposed dividend reserve does not qualify as "other reserves" for the statutory computation under rule 1 of the Second Schedule to the Super Profits Tax Act, 1963. Applying the Supreme Court's interpretation of that expression, the Bombay HC answered the issue in the negative and treated the proposed dividend reserve as outside the reserve base used for the computation, thereby favouring the Revenue. Case-Laws Income Tax Thu, 15 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23434