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1968 (7) TMI 3 - HC - Income TaxExtract: .......on against the assessee and in favour of the department, we direct that when the appeal is considered by the Tribunal it would bear in mind the third ingredient of section 23A and find whether the company acted unreasonably in declaring 60 per cent. of its distributable profits as dividends. In the circumstances, there will be no order as to costs.
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