https://www.taxtmi.com/caselaws?id=7168 Section 23A(1) of the Indian Income-tax Act, 1922 applied by reference to the company's status during the relevant previous year and the existence of distributable profits for that year. A later conversion from private to public company before the general meeting or before the order was passed did not prevent the provision from operating for the assessment year in question. The company's subsequent shift of registered office outside India likewise did not oust jurisdiction, because it had been an Indian company during the relevant assessment year. The challenge to the section 23A(1) order therefore failed. en-us Thu, 22 Jun 1967 00:00:00 +0530 Thu, 12 Feb 2009 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7168 Section 23A(1) of the Indian Income-tax Act, 1922 applied by reference to the company's status during the relevant previous year and the existence of distributable profits for that year. A later conversion from private to public company before the general meeting or before the order was passed did not prevent the provision from operating for the assessment year in question. The company's subsequent shift of registered office outside India likewise did not oust jurisdiction, because it had been an Indian company during the relevant assessment year. The challenge to the section 23A(1) order therefore failed. Case-Laws Income Tax Thu, 22 Jun 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7168