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Income Tax Case Laws - Section: 107A

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Cases for Section: 107A
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1992 (10) TMI 79 - KARNATAKA High Court

Commissioner Of Income-Tax Versus Distillers Company (Private) Limited

....... - ...... tral Government under section 107A of the Act. In the view we have taken as above, it is not necessary for us to consider the first aspect of the contention urged by Sri Ramabhadran that section 107 is not attracted at all in the case of a company which has not declared any dividend. For the reasons stated above, the question referred will have to be necessarily answered in the affirmative and against the Revenue. References answered accordingly.


1986 (8) TMI 53 - DELHI High Court

General Talkies Limited Versus Income-Tax Officer, Company Circle-X, New Delhi And Another

....... - ...... ioner-company. In the circumstances, there is no reason to hold that the Income-tax Officer had applied his mind to the facts of the case or the law laid down by their Lordships of the Supreme Court in the judgments mentioned above. For the reasons recorded above, the rule is made absolute and the impugned orders passed by the Board and the Income-tax Officer are hereby quashed. In the circumstances, the parties are left to bear their own costs.


1983 (5) TMI 69 - ITAT DELHI-B

Meco Pvt. Limited. Versus Income-Tax Officer.

....... - ...... en further reiterated by the Allahabad High Court in Jananamandal Ltd. s case. Thus, the assessee can legitimately plead that having regard to the admitted future development expenditure which the assessee had to incur, declaration of dividend of more than Rs. 75,000 would be unreasonable. In the above view of the matter, the orders of the authorities below are set aside. The assessee is not liable to pay additional tax. 7. The appeal is allowed.


 
   
 
 
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