https://www.taxtmi.com/caselaws?id=36874 The High Court held that the sum of Rs. 49,479 could not be considered for calculating additional super-tax as it was not incurred during the relevant accounting period. The court ruled that the expenditure should not impact determining if profits were sufficient for a higher dividend distribution. Consequently, the revenue's position was upheld, answering question No. 1 in favor of the revenue. Question No. 2 was not addressed. No costs were awarded. en-us Tue, 07 Nov 1978 00:00:00 +0530 Thu, 25 Mar 2010 11:42:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36874 The High Court held that the sum of Rs. 49,479 could not be considered for calculating additional super-tax as it was not incurred during the relevant accounting period. The court ruled that the expenditure should not impact determining if profits were sufficient for a higher dividend distribution. Consequently, the revenue's position was upheld, answering question No. 1 in favor of the revenue. Question No. 2 was not addressed. No costs were awarded. Case-Laws Income Tax Tue, 07 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36874