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2011 (2) TMI 61 - AT - Income Tax"Income from Business" or "Income from other Sources" - dividend income - where the shares, on which dividend income is earned, if held as stock-in-trade, would be "business income". Otherwise it was assessed as "Income from other Sources" - revenue has always been contending that merely holding of investments which yield dividend income can never be said to be carrying on "'Business" - AO has not disputed that the shares which yielding dividend income formed part of the stock in trade of the assessee - assessee entitled to the set off of its carried forward business loss against dividend income as claimed by it – Appeal allowed
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