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1976 (5) TMI 25 - AT - Income TaxExtract: .......come of the assessee. 10. For the aforesaid reasons, we hold that under r. 1(viii) of the First Schedule to the Companies (Profits) sur-tax Act, 1964, the gross dividend of Rs. 2,25,734 is to be excluded from the total income computed for purposes of income-tax assessment. We thus uphold the order of AAC. 11. In the result, the appeal is dismissed.
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