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1960 (5) TMI 3 - SC - Income TaxWhether there was any excess dividend declared by the assessee company ? Whether the assessee company is liable to pay additional income-tax in respect of the excess dividend paid by the assessee company ? Held that:- The income-tax law seeks to put in the net certain class of income, and can only successfully do so, if it frames a provision appropriate to that end. If the law fails and the taxpayer cannot be brought within its letter, no question of unjustness, as such, arises. The answers given by the High Court to the two questions, i.e. first question in the affirmative and the second in the negative were correct in the circumstances of the case. Appeal dismissed.
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