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1965 (2) TMI 126 - CALCUTTA HIGH COURTExtract: ....... influential position. Thus it will be noticed that there is no arbitrariness behind the fixing of the percentages of shareholding mentioned in the Explanation to sub-section (9) of section 23A. In the result, the answers to both the questions are in the negative and against the assessee who will pay the costs of this reference. Masud, J.- I agree.
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