Reduction of share capital [Sec. 2(22)(d)]

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..... its shareholders by a company on reduction of its capital to the extent to which the company possesses accumulated profits, whether capitalized or not. Notes: * Reduction of share capital by a com .....

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..... attributable to accumulated profits and ii.Distribution attributable to the capital. The Supreme Court held that the amount received on reduction of capital as reduced by the amount deemed as divid .....

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