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2002 (8) TMI 73 - DELHI HIGH COURT"Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that Rs. 4,55,000 being the cost of shares from which the assessee did not derive any income during the relevant accounting period was to be excluded for determining the assessee's capital for the purposes of surtax under rule 2 of the Second Schedule to the Companies (Profits) Surtax Act, 1964?" - we are of the opinion that the decision of the learned Tribunal is correct. - This reference is answered in the affirmative, i.e., in favour of the Revenue and against the assessee.
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