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1967 (7) TMI 50 - CALCUTTA HIGH COURTNon-declaration of dividend - company left with no accumulated profits - ITO determined the distributable surplus u/s 23A - Tribunal was justified in holding that no order under s. 23A should have been made for the three years in view of the fact that the non-trading loss of Rs. 6,88,000 was not wiped off in the accounts
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