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1979 (3) TMI 40 - CALCUTTA HIGH COURTExtract: ....... of s. 23A of the Indian I.T. Act, 1922, read with Expln. 2(i) thereto. The dividends declared by the assessee in the relevant years being short of the statutory percentage as required under the said section, the question referred is answered in the affirmative and in favour of the revenue. There will be no order as to costs. D. K. SEN J.--I agree.
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