https://www.taxtmi.com/caselaws?id=57019 The Tribunal upheld the lower authorities' decision, affirming the imposition of additional tax under section 104 due to the declared dividend being significantly below the statutory percentage required by law. The appeal was dismissed, and the Tribunal found that the directors should have declared a larger dividend given the available funds. en-us Mon, 29 Mar 1982 00:00:00 +0530 Wed, 08 Dec 2010 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57019 The Tribunal upheld the lower authorities' decision, affirming the imposition of additional tax under section 104 due to the declared dividend being significantly below the statutory percentage required by law. The appeal was dismissed, and the Tribunal found that the directors should have declared a larger dividend given the available funds. Case-Laws Income Tax Mon, 29 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57019