Dividend paid or deemed to have been paid by company out of its "tax holiday" profits - Relief denied to shareholders in the absence of proper certificate re. percentage of tax-free profits - Whether relief under the section should be allowed on production of necessary certificate after expiry of time limit specified under section 154(7)

Dividend paid or deemed to have been paid by company out of its "tax holiday" profits - Relief denied to shareholders in the absence of proper certificate re. percentage of tax-free profits - Whether relief under the section should be allowed on production of necessary certificate after expiry of time limit specified under section 154(7) - Order under section 119(2)(b) https://www.taxtmi.com/circulars?id=4484 Shareholder entitlement to dividend tax relief from tax-holiday profits depends on production of company certificates indicating the tax-free percentage of profits. The Board directed that rectification applications supported by such certificates shall be admitted and decided on merits even if filed after the statutory time limit, and that previously rejected cases re-filed be treated similarly; pending appeals or references on the issue may be withdrawn. en-us Fri, 25 Feb 1972 00:00:00 +0530 Sat, 09 Aug 2008 13:07:00 +0530 TaxTMI RSS Generator Dividend paid or deemed to have been paid by company out of its "tax holiday" profits - Relief denied to shareholders in the absence of proper certificate re. percentage of tax-free profits - Whether relief under the section should be allowed on production of necessary certificate after expiry of time limit specified under section 154(7) - Order under section 119(2)(b) https://www.taxtmi.com/circulars?id=4484 Shareholder entitlement to dividend tax relief from tax-holiday profits depends on production of company certificates indicating the tax-free percentage of profits. The Board directed that rectification applications supported by such certificates shall be admitted and decided on merits even if filed after the statutory time limit, and that previously rejected cases re-filed be treated similarly; pending appeals or references on the issue may be withdrawn. Circulars Income Tax Fri, 25 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4484