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1987 (3) TMI 83 - BOMBAY HIGH COURTExtract: .......irectors had acted unreasonably in not declaring a dividend. The second question must, therefore, be answered in favour of the assessee. In conclusion, the first question is answered in the negative and in favour of the assessee. The second question is also answered in the negative and in favour of the assessee. There shall be no order as to costs.
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