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<h1>Tribunal Upholds Assessment of Dividend Income Based on Previous Year</h1> <h3>INCOME TAX OFFICER. Versus PNN. FINANCE CORPORATION.</h3> INCOME TAX OFFICER. Versus PNN. FINANCE CORPORATION. - TTJ 016, 410, The revenue appealed the AAC's order enhancing taxable amount. The assessee's dividend income was assessed based on the previous year chosen by the assessee. The Tribunal upheld the AAC's decision, citing the assessee's choice of previous year for dividend income. The appeal was dismissed. (Case: Appellate Tribunal ITAT MADRAS-A, Citation: 1981 (8) TMI 139 - ITAT MADRAS-A)