1988 (12) TMI 20

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....he Revenue. The questions raised read thus : In R. A. No. 1124 (Bom) of 1975-76: " 1. Whether, on the facts and in the circumstances of the case, the Tribunal is right in holding that the relief granted to the assessee under section 80-1 did not call for a reduction of the capital as contemplated in rule 4 of the Second Schedule to the Companies (Profits) Surtax Act, 1964 ? 2. Whether, on the f....