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1956 (2) TMI 33 - HIGH COURT OF BOMBAYExtract: .......ame the question which will read as follows Whether on the facts and circumstances of the case the distribution of the right to apply for the shares of the Bank of India by Navjivan Mills Ltd., in favour of the assessee amounted to a distribution of dividend ? To the question so re-framed our answer will be in the affirmative. No order as to costs.
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