Unpaid dividends/undistributed assets paid into companies liquidation account

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..... 1) would include a fully paid shareholder. The term dividend referred to in the above section has not the same connotation as ordinary dividend understood in company law. However, money falling within the meaning of section 555(1)(b) would be dividend within the extended meaning contained in section 2(22)(c) of the Income‑tax Act, 1961, if the conditions mentioned in that sub‑section .....

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