https://www.taxtmi.com/caselaws?id=36986 Dividend declared by a company before the Income-tax Officer passed an order under section 23A(1) of the Income-tax Act, 1922 had to be counted in computing the undistributed balance, even if the declaration was made after the expiry of the 12-month period. The belated declaration did not, by itself, create automatic liability for super-tax under section 23A(1). The High Court therefore answered the reference in favour of the assessee and held that the order under section 23A(1) was not valid. en-us Wed, 28 Feb 1979 00:00:00 +0530 Thu, 25 Mar 2010 16:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36986 Dividend declared by a company before the Income-tax Officer passed an order under section 23A(1) of the Income-tax Act, 1922 had to be counted in computing the undistributed balance, even if the declaration was made after the expiry of the 12-month period. The belated declaration did not, by itself, create automatic liability for super-tax under section 23A(1). The High Court therefore answered the reference in favour of the assessee and held that the order under section 23A(1) was not valid. Case-Laws Income Tax Wed, 28 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36986