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1974 (8) TMI 43 - BOMBAY HIGH COURT
Extract:
.......case. Thus, in our opinion, the Tribunal was right in taking the view that the sum of Rs. 1,62,264 should be regarded as dividend in the hands of the assessee for the relevant assessment year. Accordingly, our answer to the question referred is in the affirmative. The assessee will pay the costs of the revenue. Question answered in the affirmative.