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1979 (10) TMI 35 - MADRAS HIGH COURTExtract: .......is court, the question as to what should be the tax liability in respect of the accretion had not to be gone into. There is no transfer of the bonus shares by the assessee here. The result is, the questions referred are answered in the affirmative and in favour of the assessee. The assessee will be entitled to costs. Counsel s fee Rs. 500. One set.
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