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1989 (8) TMI 7 - CALCUTTA HIGH COURTExtract: .......f the statutory reserves, there were reasonable and sufficient funds in the hands of the company to distribute the requisite percentage of dividends. The reference is finally disposed of as above. The assessee-company will, however, pay the costs of this reference assessed at 30 gold mohurs to the respondent. BHAGABATI PRASAD BANERJEE J. - I agree.
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