1989 (9) TMI 14

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....deration in this reference at the instance of the Revenue. They read thus : "(1) Whether, on the facts and in the circumstances of the case, the sums of Rs. 2,75,000 and Rs. 3,30,000 being dividend paid out of the 'general reserve' was includible in computing the capital for the purpose of statutory deduction under the Companies (Profits) Surtax Act, 1964, for 1971-72 and 1972-73 assessment yea....