https://www.taxtmi.com/caselaws?id=24112 Reserve for bonus and reserve for doubtful debts were treated as includible in capital employed for statutory deduction under the Second Schedule to the Companies (Profits) Surtax Act, following the Court's earlier ruling on the same assessee and statutory scheme. Deductions under sections 80G and 80M of the Income-tax Act were held not to be sums "not includible in total income" for rule 4 of the Second Schedule, again in line with the prior binding decision. Both referred questions were answered against the Revenue and the reference was disposed of accordingly. en-us Tue, 28 Feb 1989 00:00:00 +0530 Sat, 16 Jan 2010 16:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24112 Reserve for bonus and reserve for doubtful debts were treated as includible in capital employed for statutory deduction under the Second Schedule to the Companies (Profits) Surtax Act, following the Court's earlier ruling on the same assessee and statutory scheme. Deductions under sections 80G and 80M of the Income-tax Act were held not to be sums "not includible in total income" for rule 4 of the Second Schedule, again in line with the prior binding decision. Both referred questions were answered against the Revenue and the reference was disposed of accordingly. Case-Laws Income Tax Tue, 28 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24112