Rebate on the dividend recieved from company to company.

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..... Statute: Income - Tax Act, 1961 In para 1.280 of their 117th Report (1969-70) to the 4th Lok Sabha, the PAC have recommended as under:- "1.280: The Committee observe that under the I.T.Act, dividen .....

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..... This resulted in excess rebate of Rs.59,825/- being granted. The Committee feel that, with a little care on the part of the assessing officer, the mistake could have been avoided. The Committee also .....

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