26,000 received by the appellant on April 22, 1950, is dividend as defined in.
The reference was heard by Wanchoo, C. J. and Modi, J. who by their judgment dated August 24, 1956, answered it in the affirmative.
Appeal from the judgment and order dated August 24, 1956, of the Rajasthan High Court at Jodhpur in Civil Misc.
It is against this judgment that the present appeal has been preferred on a certificate granted by the High Court under s. 66A 2 of the Act.
October 17.
There was a further appeal by the appellant to the Appellate Tribunal, who also dismissed it on November 10, 1953.
That Act came into force on April 1, 1950.
CIVIL APPELLATE JURISDICTION Civil Appeal No.
26,000 was liable to be taxed in the assessees hands as dividend within the meaning of that term in s. 2 6A c of the Indian Income tax Act.
17 of 1955.
26,000 paid by the liquidator to the appellant on April 22, 1950.
Case No.
The appellant took this order in appeal to the Appellate Assistant Commissioner who by his order dated January 12, 1953, companyfirmed the assessment.
N. Kripal, R. H. Dhebar and D. Gupta, for the respondent 1958.
Now, the dispute in the present case relates to the sum of Rs.
D. Sharma, for the appellant.
433 of 1957.
By his order dated July 3, 1952, the Income tax Officer held that this was dividend as defined in s. 2 6A c of the Act and included it in the taxable income of the appellant in the year of account.
