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1962 (9) TMI 64 - MADRAS HIGH COURT
Extract:
.......f of section 2(6A)(e) of the Act since there were accumulated profits adequate to cover these payments. The debits against the assessee must be regarded as payments of deemed dividends within the meaning of the provision. The second question is answered in favour of the department, which will be entitled to its costs. Counsel's fee ₹ 250.