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1996 (10) TMI 14 - MADRAS HIGH COURTExtract: .......e order passed by the Tribunal in holding that the proposed dividend of Rs. 2,40,000 should not be taken into account for the purpose of computation of capital for allowing relief under section 80J of the Act as debt owed on January 1, 1971. In that view, we answer the question referred to us in the affirmative and against the Department. No costs.
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