https://www.taxtmi.com/caselaws?id=40027 Amounts described as "retained earnings" and "unremitted foreign income" were treated as having the same character for tax purposes and were accepted as reserves. The Court noted that the issue was already covered by an earlier decision, and the record before the Tribunal and High Court did not support any meaningful distinction between the two labels. As a result, the amounts shown under either description were correctly classified as reserves, and the challenge failed. en-us Tue, 23 Aug 1983 00:00:00 +0530 Thu, 30 Aug 2018 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40027 Amounts described as "retained earnings" and "unremitted foreign income" were treated as having the same character for tax purposes and were accepted as reserves. The Court noted that the issue was already covered by an earlier decision, and the record before the Tribunal and High Court did not support any meaningful distinction between the two labels. As a result, the amounts shown under either description were correctly classified as reserves, and the challenge failed. Case-Laws Income Tax Tue, 23 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40027