https://www.taxtmi.com/caselaws?id=27845 The court ruled in favor of the assessee regarding the inclusion of amounts related to reserves for doubtful debts in the computation of capital under the Companies (Profits) Surtax Act, 1964. However, the court held against the assessee concerning the inclusion of amounts related to the dividend reserve account and the gratuity reserve account. The judgment followed the decision in Vazir Sultan Tobacco Co. Ltd. v. CIT [1981] 132 ITR 559 (SC) and made no order as to costs. en-us Thu, 01 Mar 1984 00:00:00 +0530 Tue, 16 Feb 2010 13:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27845 The court ruled in favor of the assessee regarding the inclusion of amounts related to reserves for doubtful debts in the computation of capital under the Companies (Profits) Surtax Act, 1964. However, the court held against the assessee concerning the inclusion of amounts related to the dividend reserve account and the gratuity reserve account. The judgment followed the decision in Vazir Sultan Tobacco Co. Ltd. v. CIT [1981] 132 ITR 559 (SC) and made no order as to costs. Case-Laws Income Tax Thu, 01 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27845