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1962 (12) TMI 56 - SUPREME COURTWhether, on the facts and circumstances of the case, the assessee is liable to pay interest in respect of divided income as provided under section 18A(6) of the Income-tax Act ? Whether in making an estimate under section 18A(2) of the tax payable by him, the assessee should have taken into account the dividends received by him? Held that:- Appeal allowed. Income contemplated in the words "income to which the provisions of section 18 do not apply" does not include dividends payable to a resident assessee.
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