https://www.taxtmi.com/caselaws?id=27259 The High Court dismissed the petition as the questions sought to be referred were factual and aimed at challenging the Tribunal's findings of fact regarding the invocation of Section 104 of the Income-tax Act, 1961, based on the assessee's financial position and dividend declaration. The Tribunal's decision, supported by the Commissioner of Income-tax (Appeals), concluded that the assessee had the financial capacity to pay a higher dividend, justifying the application of Section 104. The court emphasized the importance of factual accuracy in tax disputes and declined to interfere with the Tribunal's findings, highlighting the significance of assessing an assessee's financial soundness in such matters. en-us Mon, 28 Feb 1983 00:00:00 +0530 Thu, 11 Feb 2010 17:11:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27259 The High Court dismissed the petition as the questions sought to be referred were factual and aimed at challenging the Tribunal's findings of fact regarding the invocation of Section 104 of the Income-tax Act, 1961, based on the assessee's financial position and dividend declaration. The Tribunal's decision, supported by the Commissioner of Income-tax (Appeals), concluded that the assessee had the financial capacity to pay a higher dividend, justifying the application of Section 104. The court emphasized the importance of factual accuracy in tax disputes and declined to interfere with the Tribunal's findings, highlighting the significance of assessing an assessee's financial soundness in such matters. Case-Laws Income Tax Mon, 28 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27259