https://www.taxtmi.com/caselaws?id=38003 The deemed dividend issue under section 2(6A)(e) of the Income-tax Act, 1922 became academic because the Tribunal's unchallenged finding fixed the relevant accounting period as the assessee's Diwali year ending 31 October 1956, not the company's later year ending 31 March 1957. On that basis, the disputed sums fell outside the previous year concerned, so the questions on accumulated profits and related taxability did not survive for determination. The HC therefore declined to answer the referred questions and left the merits of the taxability dispute undecided. en-us Tue, 29 Nov 1977 00:00:00 +0530 Fri, 02 Apr 2010 15:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38003 The deemed dividend issue under section 2(6A)(e) of the Income-tax Act, 1922 became academic because the Tribunal's unchallenged finding fixed the relevant accounting period as the assessee's Diwali year ending 31 October 1956, not the company's later year ending 31 March 1957. On that basis, the disputed sums fell outside the previous year concerned, so the questions on accumulated profits and related taxability did not survive for determination. The HC therefore declined to answer the referred questions and left the merits of the taxability dispute undecided. Case-Laws Income Tax Tue, 29 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38003