https://www.taxtmi.com/caselaws?id=58383 The Tribunal upheld the revenue authorities' decision regarding the treatment of interim dividend in the Balance Sheet for deduction under section 80J of the Income-tax Act, 1961. The Tribunal held that the provision for interim dividend approved by the General Body Meeting in December 1979 should be included in the capital computation as on 1-7-1979, based on the Supreme Court ruling that appropriations approved by shareholders relate back to the relevant year. Consequently, the appeal was dismissed, and the orders of the revenue authorities were upheld. en-us Thu, 13 Aug 1987 00:00:00 +0530 Sat, 18 Dec 2010 17:17:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58383 The Tribunal upheld the revenue authorities' decision regarding the treatment of interim dividend in the Balance Sheet for deduction under section 80J of the Income-tax Act, 1961. The Tribunal held that the provision for interim dividend approved by the General Body Meeting in December 1979 should be included in the capital computation as on 1-7-1979, based on the Supreme Court ruling that appropriations approved by shareholders relate back to the relevant year. Consequently, the appeal was dismissed, and the orders of the revenue authorities were upheld. Case-Laws Income Tax Thu, 13 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58383