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1981 (4) TMI 71 - CALCUTTA HIGH COURTExtract: .......entirely different. In that view of the matter, in our opinion, the Tribunal was in error in considering the proposed dividend as a surplus which could be said to be available with the company. In the premises, the question is answered in the negative and in favour of the revenue. There will be no order as to costs. SUDHINDRA MOHAN GUHA J.-I agree.
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