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Revaluation Reserves to be included in Networth

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(Querist)
21 January 2010
Please guide me, if revaluation reserve can be included in NETWORTH calculation or not. suggest any ruling or case law
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Hitesh Jain

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Hitesh Jain (Expert)
21 January 2010 No as per Companies act and Income tax both revaluation reserve should not be included in Net worth as it wont generate any cash for the company.
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Anand

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Anand (Querist)
23 January 2010 Its completely correct. but i want some case law or incometax guideline if you can suggest please.
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