https://www.taxtmi.com/acts?id=3193 Section 104 imposed an additional income-tax on undistributed profits where a company's dividend distribution fell below a statutory proportion of distributable income, taxing the undistributed portion after deducting dividends actually paid. The assessing officer could order such tax, but not where non-distribution was reasonable due to losses or small profits, where distribution would not benefit revenue, or where most share capital was held by charitable institutions; the Central Government could exempt classes of companies, and specified industry and foreign-company carve-outs were provided. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:14:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3193 Section 104 imposed an additional income-tax on undistributed profits where a company's dividend distribution fell below a statutory proportion of distributable income, taxing the undistributed portion after deducting dividends actually paid. The assessing officer could order such tax, but not where non-distribution was reasonable due to losses or small profits, where distribution would not benefit revenue, or where most share capital was held by charitable institutions; the Central Government could exempt classes of companies, and specified industry and foreign-company carve-outs were provided. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3193