https://www.taxtmi.com/caselaws?id=35904 Where the Companies (Profits) Surtax Act, 1964 incorporated meanings from the Income-tax Act, the definition of "company" was taken from that Act, and a declaration made under the earlier Income-tax regime continued to operate through the saving provision; the Act was therefore held applicable to the assessee for the relevant assessment years. The amounts shown as retained earnings and unremitted foreign income in the balance-sheet were treated as reserves for capital computation, because the same issue had already been decided between the parties on identical facts and no ground was shown to depart from that view. Both reference questions were answered against the assessee and in favour of the Revenue. en-us Mon, 12 Nov 1979 00:00:00 +0530 Wed, 17 Mar 2010 17:27:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35904 Where the Companies (Profits) Surtax Act, 1964 incorporated meanings from the Income-tax Act, the definition of "company" was taken from that Act, and a declaration made under the earlier Income-tax regime continued to operate through the saving provision; the Act was therefore held applicable to the assessee for the relevant assessment years. The amounts shown as retained earnings and unremitted foreign income in the balance-sheet were treated as reserves for capital computation, because the same issue had already been decided between the parties on identical facts and no ground was shown to depart from that view. Both reference questions were answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Mon, 12 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35904