Rebate on the dividend recieved from company to company.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Statute: Income - Tax Act, 1961 In para 1.280 of their 117th Report (1969-70) to the 4th Lok Sabha, the PAC have recommended as under:- "1.280: The Committee observe that under the I.T.Act, dividend....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....This resulted in excess rebate of Rs.59,825/- being granted. The Committee feel that, with a little care on the part of the assessing officer, the mistake could have been avoided. The Committee also n....