https://www.taxtmi.com/caselaws?id=27733 The court held that the company declared more than the statutory percentage of dividend, rendering Section 104 of the Income-tax Act, 1961, inapplicable. The orders of the Income-tax Officer and the Commissioner were set aside, and the petitioners were entitled to a refund of the tax paid. The Tribunal's decision that the Commissioner lacked jurisdiction under Section 263 was upheld, and the petitioners were awarded costs. en-us Sat, 04 Feb 1984 00:00:00 +0530 Mon, 15 Feb 2010 16:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27733 The court held that the company declared more than the statutory percentage of dividend, rendering Section 104 of the Income-tax Act, 1961, inapplicable. The orders of the Income-tax Officer and the Commissioner were set aside, and the petitioners were entitled to a refund of the tax paid. The Tribunal's decision that the Commissioner lacked jurisdiction under Section 263 was upheld, and the petitioners were awarded costs. Case-Laws Income Tax Sat, 04 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27733