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1967 (11) TMI 29 - HC - Income TaxDividend paid to assessee in form of shares - ITO concluded that the total shares, received by the assessee were equivalent in terms of money to Rs. 2,44,526. Since the assessee had shown the value of the shares at Rs. 1,82,870 only he added back the difference of Rs. 61,656 to the assessee`s income as dividend - held that tribunal was right in excluding the sum of Rs. 61,656 from being assessed as an extra dividend income of the assessee
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