1981 (9) TMI 25

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....r opinion, both these references can be disposed of by a common order. The assessee in both the matters, who is the respondent, is Asian Paints (India) Pvt. Ltd. In Income-tax Reference No. 97 of 1972, we are concerned with the computation of super profits tax for the assessment year 1963-64. In Income-tax Reference No. 102 of 1972, we are concerned with the computation of surtax for the assessmen....

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.... assessment year 1962-63 ? Similarly, in Income-tax Reference No. 102 of 1972, the following question stands referred to us: " Whether, on the facts and in the circumstances of the case, the `gratuity reserve' shown in the balance-sheet of the company in the amount of Rs. 1,70,000 is includible in the computation of capital as on 1st January, 1963, and as on 1st January, 1964, in terms of ru....