https://www.taxtmi.com/caselaws?id=63361 The Tribunal set aside the lower authorities' orders and ruled in favor of the assessee, holding that future development expenses should be considered in assessing dividend distribution reasonableness. The Tribunal allowed the appeal, stating the assessee was not liable for additional tax under section 104 of the Income-tax Act, 1961. en-us Thu, 05 May 1983 00:00:00 +0530 Sat, 29 Jan 2011 15:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63361 The Tribunal set aside the lower authorities' orders and ruled in favor of the assessee, holding that future development expenses should be considered in assessing dividend distribution reasonableness. The Tribunal allowed the appeal, stating the assessee was not liable for additional tax under section 104 of the Income-tax Act, 1961. Case-Laws Income Tax Thu, 05 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63361