Tax on income received from partnership firm??

Dear Members,

A private ltd co. is partner in a Partnership firm and received a profit after tax from partnership firm, what will be the treatment of this profit.

I think it will be added directly to the Reserve & Surplul of the company becouse it is a profit after tax, so no need to pay tax on this profit by the company.

Please corect me if i m wrong and suggest the best way of treatment of this profit..

Thanks in advance..