Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1978 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1978 (8) TMI 17 - CALCUTTA HIGH COURTExtract: .......Mr. Bagchi must fail. On the facts and circumstances of the case, I hold that the prudent directors of the assessee and the assessee respectively were fully justified in not recommending and declaring any dividend for this year and, therefore, I agree with the answer given by my learned brother and also with the order relating to costs made by him.
|