https://www.taxtmi.com/caselaws?id=40162 For surtax computation under Rule 1 of Schedule II of the Companies (Profits) Surtax Act, 1964, a provision for gratuity was held not to form part of the assessee-company's capital. The Court treated the issue as governed by its earlier decision on the same point and applied that precedent to exclude the gratuity provision from the capital base. The question was answered against the assessee and in favour of the Revenue. en-us Fri, 20 Nov 1992 00:00:00 +0530 Sat, 24 Apr 2010 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40162 For surtax computation under Rule 1 of Schedule II of the Companies (Profits) Surtax Act, 1964, a provision for gratuity was held not to form part of the assessee-company's capital. The Court treated the issue as governed by its earlier decision on the same point and applied that precedent to exclude the gratuity provision from the capital base. The question was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Fri, 20 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40162