2003 (11) TMI 8

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....red for our consideration is: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that additional tax under section 104 is leviable?" The assessee is a banking company. It had a distributable income of Rs. 50,44,772 for the relevant previous year, which was required to be distributed as dividend. However, only a sum of Rs. 3,79,282 was distributed. The ....