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1991 (3) TMI 61 - HC - Income TaxExtract: .......the same previous year. Section 8(a), which has been referred to above, in our judgment, clearly contemplates a situation where a dividend declared has become invalid during the course of the previous year itself. Accordingly, we answer the question referred to us in the affirmative and in favour of the assessee. There will be no order as to costs.
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