https://www.taxtmi.com/caselaws?id=56054 The Tribunal upheld the imposition of additional tax under section 104 of the Income-tax Act, 1961, due to the failure to declare dividends within the statutory period. The Tribunal emphasized the mandatory nature of the provisions, stating that equity considerations cannot override clear statutory requirements. The appeal was dismissed, affirming the imposition of additional tax based on the strict interpretation of the law. en-us Sat, 25 Aug 1984 00:00:00 +0530 Wed, 01 Dec 2010 13:22:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56054 The Tribunal upheld the imposition of additional tax under section 104 of the Income-tax Act, 1961, due to the failure to declare dividends within the statutory period. The Tribunal emphasized the mandatory nature of the provisions, stating that equity considerations cannot override clear statutory requirements. The appeal was dismissed, affirming the imposition of additional tax based on the strict interpretation of the law. Case-Laws Income Tax Sat, 25 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56054