https://www.taxtmi.com/caselaws?id=15756 Where dividend was declared and distributed after the prescribed period because the audit was completed later, the Tribunal found that the delay caused no detriment to the Revenue. On that factual basis, section 104(2) of the Income-tax Act, 1961 applied, since payment of dividend within time would not have produced any benefit to the Revenue. The Income-tax Officer therefore could not validly make an order under section 104(1), and the assessee was not liable to additional income-tax. en-us Tue, 31 Mar 1998 00:00:00 +0530 Thu, 27 Aug 2009 15:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15756 Where dividend was declared and distributed after the prescribed period because the audit was completed later, the Tribunal found that the delay caused no detriment to the Revenue. On that factual basis, section 104(2) of the Income-tax Act, 1961 applied, since payment of dividend within time would not have produced any benefit to the Revenue. The Income-tax Officer therefore could not validly make an order under section 104(1), and the assessee was not liable to additional income-tax. Case-Laws Income Tax Tue, 31 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15756