| Certain undistributed profits may be treated as distributed |
| 30. Where it appears to the Comptroller that, with a view to the avoidance or reduction of tax, a company has not distributed to its shareholders as dividend profits made in any period which could be distributed without detriment to the company’s business, he may treat any such undistributed profits as distributed, and the persons concerned shall be assessable accordingly. |
| Certain undistributed profits may be treated as distributed |
| 30. Where it appears to the Comptroller that, with a view to the avoidance or reduction of tax, a company has not distributed to its shareholders as dividend profits made in any period which could be distributed without detriment to the company’s business, he may treat any such undistributed profits as distributed, and the persons concerned shall be assessable accordingly. |