DDT cannot be charged to tax in a different year merely for Mistake of Assessee

M/s Drawmet Wires Pvt. Ltd. Vs. ACIT (ITAT Jaipur)

It is settled proposition of law that DDT is chargeable only in the year when it is declared, distributed or paid and not prior to that. In the case on hand the assessee has produced all relevant record to show that the dividend was proposed by the Board of Directors in the meeting held on 28.08.2010 which was approved by the share holders in the Annual General Meeting held on 29.09.2010. Though the assessee has shown the dividend liability in the balance sheet for the F.Y. 2009-10 relevant

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