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1976 (7) TMI 31 - BOMBAY HIGH COURT
Extract:
.......ividends which would be destructive of making it or converting it into a reserve. Having regard to the aforesaid discussion the questions referred to us are answered thus Question No. 1 In the negative, in favour of the department. Question No. 2 Affirmative, in favour of the department. Assessee to pay the costs of the reference to the department.