https://www.taxtmi.com/caselaws?id=24619 A question referred under section 256(2) of the Income-tax Act, 1961, arising from an order under section 23A of the Indian Income-tax Act, 1922, became academic after the assessment was set aside and remanded for fresh assessment. In that situation, the court declined to answer the reference because no practical controversy survived for determination. The commentary also notes the underlying principle on dividend distribution: it must be assessed by considering the company's real outgoings and overall financial position, rather than business profits alone. en-us Mon, 04 Jul 1988 00:00:00 +0530 Thu, 21 Jan 2010 12:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24619 A question referred under section 256(2) of the Income-tax Act, 1961, arising from an order under section 23A of the Indian Income-tax Act, 1922, became academic after the assessment was set aside and remanded for fresh assessment. In that situation, the court declined to answer the reference because no practical controversy survived for determination. The commentary also notes the underlying principle on dividend distribution: it must be assessed by considering the company's real outgoings and overall financial position, rather than business profits alone. Case-Laws Income Tax Mon, 04 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24619