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2000 (9) TMI 12 - BOMBAY HIGH COURT
Extract:
.......count of salary paid to staff are not directly relatable to earning of dividend. So also payment of stamp duty, transfer fees and safe custody are not relatable to earning of dividend. They may be relatable to acquisition of share but not to dividend being earned. Hence, question No. 2 is answered in favour of the assessee. The appeal is dismissed.
