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1962 (10) TMI 53 - SC - Income TaxWhether the assessee company having distributed dividends of over 60% of the company's total income less income-tax and super-tax payable thereon is entitled to the rebate of 1 anna per rupee on the undistributed balance of profits as provided in clause (i) of the proviso to item B of Part I of the First Schedule to the Finance Act of 1955 ? Held that:- Appeal dismiised. High Court was right in holding that the company was entitled to the rebate claimed by it.
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