https://www.taxtmi.com/caselaws?id=24822 For capital computation under the Companies (Profits) Surtax Act, an appropriation that is in substance a contingency reserve or similar reserve is treated as a reserve and included in capital. The Calcutta High Court noted that this position had already been settled by earlier decisions following the Supreme Court, so no further substantial question of law arose. On that basis, the request for a certificate to appeal was rejected. en-us Mon, 27 Jul 1987 00:00:00 +0530 Fri, 22 Jan 2010 16:03:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24822 For capital computation under the Companies (Profits) Surtax Act, an appropriation that is in substance a contingency reserve or similar reserve is treated as a reserve and included in capital. The Calcutta High Court noted that this position had already been settled by earlier decisions following the Supreme Court, so no further substantial question of law arose. On that basis, the request for a certificate to appeal was rejected. Case-Laws Income Tax Mon, 27 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24822