Supreme Court Upholds Revenue in Income Tax Classification Dispute Regarding Dividend Income of Investment Company. Dividend Income from Shares Held Merely as Investment Not Taxable as Business Income Under Section 10 of Indian Income-tax Act, 1922, Without Evidence of Dealing in Shares as Stock-in-Trade.
2 Nov 1965The case concerned an appeal by Bengal & Assam Investors Ltd against the Commissioner of Income Tax, West Bengal, regarding the proper head of income ...
