Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

1998 (3) TMI 54

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on referred to us at the instance of the Revenue arising out of the respondent's assessment for the assessment year 1975-76 is as to whether, on the facts and in the circumstances of the case, the Tribunal was right in holding and have valid materials to hold that the assessee was not liable to additional income-tax under section 104 of the Income-tax Act, 1961, for the assessment year 1975-76. T .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s there is no detriment to the Government because of the postponed declaration of the dividend for the previous year, Nothing has been placed before us to show that the conclusion of the Tribunal was in any way erroneous. Sub-section (2) of section 104 of the Income-tax Act disentitles the Income-tax Officer from making an order under sub-section (1) of section 104 of the Act if he is satisfied, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates