https://www.taxtmi.com/caselaws?id=18912 Section 14 of the Companies (Profits) Surtax Act, 1964, as amended from 1 April 1971, is treated as a machinery provision for recomputing chargeable profits and redetermining surtax when income-tax assessments are altered in appeal or revision. On that basis, the amendment was applied to appellate consequences arising after its commencement, enabling consequential recomputation in surtax proceedings. The text also states that a proposed dividend declared after the close of the accounting year cannot be treated as a reserve for surtax purposes for assessment year 1972-73, following the Supreme Court view on that point. en-us Thu, 10 Nov 1994 00:00:00 +0530 Mon, 02 Nov 2009 17:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18912 Section 14 of the Companies (Profits) Surtax Act, 1964, as amended from 1 April 1971, is treated as a machinery provision for recomputing chargeable profits and redetermining surtax when income-tax assessments are altered in appeal or revision. On that basis, the amendment was applied to appellate consequences arising after its commencement, enabling consequential recomputation in surtax proceedings. The text also states that a proposed dividend declared after the close of the accounting year cannot be treated as a reserve for surtax purposes for assessment year 1972-73, following the Supreme Court view on that point. Case-Laws Income Tax Thu, 10 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18912