Section 104(1) Additional Tax Not Applicable Due to Lack of Accounting Profit, No Dividend Distribution Possible.

Section 104(1) Additional Tax Not Applicable Due to Lack of Accounting Profit, No Dividend Distribution Possible. https://www.taxtmi.com/highlights?id=6992 Levy of additional income tax u/s 104(1) - no actual accounting profit - the assessee could not distribute the dividend to it's shareholders. - there is no question of applicability of Section 104 - HC en-us Fri, 01 Mar 2013 12:46:17 +0530 Fri, 01 Mar 2013 12:46:17 +0530 TaxTMI RSS Generator Section 104(1) Additional Tax Not Applicable Due to Lack of Accounting Profit, No Dividend Distribution Possible. https://www.taxtmi.com/highlights?id=6992 Levy of additional income tax u/s 104(1) - no actual accounting profit - the assessee could not distribute the dividend to it's shareholders. - there is no question of applicability of Section 104 - HC Highlights Income Tax Fri, 01 Mar 2013 12:46:17 +0530 https://www.taxtmi.com/highlights?id=6992