https://www.taxtmi.com/caselaws?id=25944 Refund under section 237 of the Income-tax Act, 1961 was considered in the context of dividend income linked to rebate under Paragraph D of Part I of the First Schedule to the Finance Act, 1964. The dividend-paying company had already been found, with that finding attaining finality, to be a company in which the public were not substantially interested and to be engaged in manufacture or production of mineral oil, an article covered by Part IV of the First Schedule. On that basis, the statutory conditions for rebate were treated as satisfied, so the dividend income attracted the reduced effective rate and the tax paid by the assessee exceeded the tax properly chargeable, supporting refund of the excess. en-us Thu, 05 Dec 1985 00:00:00 +0530 Mon, 01 Feb 2010 17:46:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25944 Refund under section 237 of the Income-tax Act, 1961 was considered in the context of dividend income linked to rebate under Paragraph D of Part I of the First Schedule to the Finance Act, 1964. The dividend-paying company had already been found, with that finding attaining finality, to be a company in which the public were not substantially interested and to be engaged in manufacture or production of mineral oil, an article covered by Part IV of the First Schedule. On that basis, the statutory conditions for rebate were treated as satisfied, so the dividend income attracted the reduced effective rate and the tax paid by the assessee exceeded the tax properly chargeable, supporting refund of the excess. Case-Laws Income Tax Thu, 05 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25944