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1980 (1) TMI 113 - ITAT BOMBAY-CExtract: ....... case. The assessee elected as a prudent businessman not to declare the dividend and thus the total surplus after provision for taxes etc. is hardly significant to call for any declaration of dividend. The action of the Commr. (A) is, therefore, confirmed for both these years. 5. In the result, the Revenue s appeals for the two years are dismissed.
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