https://www.taxtmi.com/caselaws?id=26690 For surtax capital computation, an amount earmarked for a known or certain future liability is treated as a provision, not a reserve, and therefore does not enter the capital base. On gratuity, the classification depends on whether the appropriation exceeds the actuarially determined liability; only any established surplus can be treated as a reserve and included. On debenture redemption, an amount set aside to meet the binding obligation to redeem debentures is a provision and is excluded from capital. The gratuity reserve issue was left open only to the extent of any excess over actuarial liability. en-us Tue, 17 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 17:36:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26690 For surtax capital computation, an amount earmarked for a known or certain future liability is treated as a provision, not a reserve, and therefore does not enter the capital base. On gratuity, the classification depends on whether the appropriation exceeds the actuarially determined liability; only any established surplus can be treated as a reserve and included. On debenture redemption, an amount set aside to meet the binding obligation to redeem debentures is a provision and is excluded from capital. The gratuity reserve issue was left open only to the extent of any excess over actuarial liability. Case-Laws Income Tax Tue, 17 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26690