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1990 (1) TMI 1 - CALCUTTA HIGH COURTExtract: .......f the company. Viewed from any angle, the amount which was paid out by way of dividend cannot be treated as a part of the capital before the amount was actually paid out. Therefore, the question in this particular case is answered in the negative and in favour of the Revenue. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J.-I agree.
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