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Dividends declared after the statutory period must be included when computing super tax liability under the assessment order framework. Dividends declared after the statutory twelve month period but before the date of passing a statutory assessment order must be included when computing additional super tax; the earlier board instruction excluding such dividends is withdrawn and the same rule applies to the comparable statutory assessment provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Dividends declared after the statutory period must be included when computing super tax liability under the assessment order framework.
Dividends declared after the statutory twelve month period but before the date of passing a statutory assessment order must be included when computing additional super tax; the earlier board instruction excluding such dividends is withdrawn and the same rule applies to the comparable statutory assessment provision.
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