https://www.taxtmi.com/caselaws?id=49297 The court held that section 35(10) allows the Income-tax Officer to tax rebates granted before April 1, 1956, and that distribution of accumulated profits by the liquidator constitutes a declaration of dividends under section 35(10). The appeal was dismissed, affirming the Income-tax Officer's authority to tax rebates from years prior to April 1, 1956, and recognizing the liquidator's distributions as dividends. en-us Thu, 25 Nov 1965 00:00:00 +0530 Mon, 18 Aug 2014 22:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49297 The court held that section 35(10) allows the Income-tax Officer to tax rebates granted before April 1, 1956, and that distribution of accumulated profits by the liquidator constitutes a declaration of dividends under section 35(10). The appeal was dismissed, affirming the Income-tax Officer's authority to tax rebates from years prior to April 1, 1956, and recognizing the liquidator's distributions as dividends. Case-Laws Income Tax Thu, 25 Nov 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49297