Interpretation of distributable profits clarified as portion of net profits, affecting tax deduction treatment under income tax rules. Clarification that the phrase 'one-third of the distributable profits' is to be read as 'one-third of the net profits of the company' for purposes of income-tax treatment, correcting prior instruction wording and aligning profit-related calculations with the company's net profits.
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Provisions expressly mentioned in the judgment/order text.
Interpretation of distributable profits clarified as portion of net profits, affecting tax deduction treatment under income tax rules.
Clarification that the phrase "one-third of the distributable profits" is to be read as "one-third of the net profits of the company" for purposes of income-tax treatment, correcting prior instruction wording and aligning profit-related calculations with the company's net profits.
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