1988 (11) TMI 102

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....reference is made at the instance of the assessee and raises the following composite question : "Whether, on the facts and in the circumstances of the case, the provision for (a) taxation, (b) proposed dividend, (c) bonus in the nature of dividend, and (d) for gratuity could be taken as reserves within the meaning of rule 1 of the Second Schedule to the Super Profits Tax Act, 1963 ?" Counsel....