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1983 (5) TMI 69 - AT - Income TaxExtract: .......n legitimately plead that having regard to the admitted future development expenditure which the assessee had to incur, declaration of dividend of more than Rs. 75,000 would be unreasonable. In the above view of the matter, the orders of the authorities below are set aside. The assessee is not liable to pay additional tax. 7. The appeal is allowed.
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