https://www.taxtmi.com/caselaws?id=152216 A private limited company distributing dividends above the relevant threshold remained entitled to the rebate under item B of Part I of the First Schedule to the Finance Act, 1955. The phrase "cannot be made applicable" in relation to section 23A of the Income-tax Act was construed to mean cases where, on the facts and statutory conditions, an order under section 23A would not be justified, rather than excluding private companies as a class. The legislative history indicated that the amendment was intended to simplify rebate administration and avoid delay, not to deny the rebate to private companies generally. en-us Thu, 25 Oct 1962 00:00:00 +0530 Fri, 20 Dec 2024 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152216 A private limited company distributing dividends above the relevant threshold remained entitled to the rebate under item B of Part I of the First Schedule to the Finance Act, 1955. The phrase "cannot be made applicable" in relation to section 23A of the Income-tax Act was construed to mean cases where, on the facts and statutory conditions, an order under section 23A would not be justified, rather than excluding private companies as a class. The legislative history indicated that the amendment was intended to simplify rebate administration and avoid delay, not to deny the rebate to private companies generally. Case-Laws Income Tax Thu, 25 Oct 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152216