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1983 (11) TMI 25 - MADRAS HIGH COURTExtract: .......rits, it is not necessary to go into the question whether the power of rectification under s. 154 could be invoked by the shareholders. The result is, the writ petition is allowed and the ITO is directed to quantify the exempted portion of the dividend in accordance with rule 20 of the I. T. Rules, 1962. However, there will be no order as to costs.
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