https://www.taxtmi.com/caselaws?id=49285 The court affirmed the High Court's decision, ruling that both "Capital paid in Surplus" and "earned surplus" could be classified as reserves under the Business Profits Tax Act, 1947, based on the interpretation of the relevant rules. The appeals were dismissed with costs. en-us Tue, 26 Oct 1965 00:00:00 +0530 Tue, 19 Aug 2014 09:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49285 The court affirmed the High Court's decision, ruling that both "Capital paid in Surplus" and "earned surplus" could be classified as reserves under the Business Profits Tax Act, 1947, based on the interpretation of the relevant rules. The appeals were dismissed with costs. Case-Laws Income Tax Tue, 26 Oct 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49285