Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1986 (9) TMI 2 - SC - Income Tax
Appellant, Brooke Bond & Co. Ltd., now known as Brooke Bond Leibig Ltd., is a sterling company carrying on business in tea with its head office in the United Kingdom, The appellant has invested in shares of other tea companies in different parts of the world, and has a hundred percent shareholding in an Indian subsidiary, Brooke Bond (India) Ltd. - held that dividends received is not business income as share holdings are not incidental to assessee's business