https://www.taxtmi.com/caselaws?id=26617 The court affirmed the Tribunal's decision in a case involving the interpretation of section 104 of the Income-tax Act, 1961 for the assessment year 1974-75. It held that dividends declared from profits of property sales do not impact capital, maintaining the effectiveness of the initial order under section 104. Additionally, profits from the sale of properties in Malaysia were deemed distributable as dividends unless restricted by the company's articles of association. The judgment underscored the significance of company articles in determining dividend distribution, ultimately ruling against the assessee and directing them to bear the reference costs. en-us Tue, 21 Jan 1986 00:00:00 +0530 Sat, 06 Feb 2010 13:23:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26617 The court affirmed the Tribunal's decision in a case involving the interpretation of section 104 of the Income-tax Act, 1961 for the assessment year 1974-75. It held that dividends declared from profits of property sales do not impact capital, maintaining the effectiveness of the initial order under section 104. Additionally, profits from the sale of properties in Malaysia were deemed distributable as dividends unless restricted by the company's articles of association. The judgment underscored the significance of company articles in determining dividend distribution, ultimately ruling against the assessee and directing them to bear the reference costs. Case-Laws Income Tax Tue, 21 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26617