1969 (8) TMI 2 - SC - Income Tax

Business of the assessee was to deal with shares and securities - assessee had purchased the arrears of dividend - dividend which had been declared between the years 1936 and 1945 and were received by the assessee during the accounting period amounted to Rs. 43,925 - said sum of Rs. 43,925 could not be assessed either as dividend or as profit - Revenue's appeal dismissed