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1962 (2) TMI 111 - HC - Income TaxExtract: .......he mere fact that they have not so far objected to any transfer placed before them does not mean that they cannot use the power given to them by article 39 of the articles of association of the assessee company. The question referred to us must therefore be answered in the negative. The assessee must pay the costs of this reference. Ray J.-I agree.
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