1967 (12) TMI 21

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..... ., VEERASWAMI. JUDGMENT The judgment of the court was delivered by VEERASWAMI J.-The assessee held a large number of shares in an incorporated company by name Tinnevelly Farms and Orchards Limited. By about May, 1955, the assessee acquired all the remaining shares of that company. The result was that on May 11, 1955, the company was struck off the register of companies. During the assessmen .....

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..... hether that view is correct. Section 2(6A)(c) is: " (6A) 'dividend' includes . ...... (c) any distribution made to the shareholders of a company on its liquidation to the extent to which the distribution is attributable to the accumulated profits of the company immediately before its liquidation, whether capitalised or not." In order that this provision should apply, it is sine quanon that .....

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