2001 (11) TMI 19

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sed dividend of Rs. 2,52,000 for the year ended on September 30, 1978, declared on May 28, 1979, was eligible for deduction as a liability in arriving at the value of shares of the company?" - The first question is accordingly answered in favour of the Revenue, as the notes in the balance-sheet do not form part of the balance-sheet. The second question is required to be answered in favour of the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ? 2. Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the proposed dividend of Rs. 2,52,000 for the year ended on September 30, 1978, declared on May 28, 1979, was eligible for deduction as a liability in arriving at the value of shares of the company?" A similar question concerning the same assessee for other assessment years was considered by .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X