https://www.taxtmi.com/circulars?id=9995 Deduction of income-tax on distribution of excess dividends is not allowable when computing chargeable profits for the Companies (Profits) surtax; Revenue Audit identified under-charges where this exclusion under Rule 2(i)(b) was not applied, and officers are directed to review completed assessments and report, ensuring corrective action is not time barred. en-us Tue, 27 Feb 1973 00:00:00 +0530 Mon, 13 Jun 2011 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9995 Deduction of income-tax on distribution of excess dividends is not allowable when computing chargeable profits for the Companies (Profits) surtax; Revenue Audit identified under-charges where this exclusion under Rule 2(i)(b) was not applied, and officers are directed to review completed assessments and report, ensuring corrective action is not time barred. Circulars Income Tax Tue, 27 Feb 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9995