Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
68,07,020/- as deduction of 20% of profit on creation of special reserve u/s 36(1) (viii). The appellant has to create a special reserve equivalent to the deduction allowable as per the said section. The appellant had created the requisite reserve in the subsequent year out of the profits of the current assessment year. A copy