https://www.taxtmi.com/caselaws?id=200337 The court held that amounts received by shareholders from the liquidator of a company, attributable to accumulated profits, are taxable as 'dividend' under section 2(6A)(c) of the Indian Income Tax Act, 1922. The court determined that the amended clause (c) of section 2(6A), post the Finance Act, 1955, applied for the assessment year 1955-56. The assessees were directed to bear the costs of the reference to the Commissioner. en-us Fri, 07 Dec 1962 00:00:00 +0530 Mon, 26 Mar 2018 14:05:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200337 The court held that amounts received by shareholders from the liquidator of a company, attributable to accumulated profits, are taxable as 'dividend' under section 2(6A)(c) of the Indian Income Tax Act, 1922. The court determined that the amended clause (c) of section 2(6A), post the Finance Act, 1955, applied for the assessment year 1955-56. The assessees were directed to bear the costs of the reference to the Commissioner. Case-Laws Income Tax Fri, 07 Dec 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200337