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1964 (6) TMI 58 - HC - Income TaxExtract: ....... so that the present distribution could be said to be referable to accumulated profits. In the absence of such a finding, the distribution of ₹ 75,000 could not have been regarded as dividend under section 2(6A)(c). I would, therefore, answer the question in the negative. The assessee must get the costs of the reference from the Commissioner.
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