https://www.taxtmi.com/caselaws?id=24442 The Bombay High Court held that the dividend reserve related to preference shares should be included in the capital computation base for taxation purposes, aligning with the Supreme Court precedent in Vazir Sultan Tobacco Co. Ltd. v. CIT [1981] 132 ITR 559. The ruling favored the Revenue, and no costs were awarded. en-us Tue, 06 Dec 1988 00:00:00 +0530 Wed, 20 Jan 2010 11:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24442 The Bombay High Court held that the dividend reserve related to preference shares should be included in the capital computation base for taxation purposes, aligning with the Supreme Court precedent in Vazir Sultan Tobacco Co. Ltd. v. CIT [1981] 132 ITR 559. The ruling favored the Revenue, and no costs were awarded. Case-Laws Income Tax Tue, 06 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24442