https://www.taxtmi.com/caselaws?id=204889 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to delete the addition of Rs. 14,33,000. It held that the excess dividend received by the assessee, not refunded to rightful owners, did not constitute income as the assessee lacked lawful ownership rights. The Tribunal upheld the principle of consistency, noting the Revenue's acceptance of the assessee's accounting policy. It distinguished the case from Chowringhee Sales Bureau (P.) Ltd., emphasizing the differing factual circumstances. en-us Fri, 15 Jul 2011 00:00:00 +0530 Tue, 09 Aug 2011 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204889 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision to delete the addition of Rs. 14,33,000. It held that the excess dividend received by the assessee, not refunded to rightful owners, did not constitute income as the assessee lacked lawful ownership rights. The Tribunal upheld the principle of consistency, noting the Revenue's acceptance of the assessee's accounting policy. It distinguished the case from Chowringhee Sales Bureau (P.) Ltd., emphasizing the differing factual circumstances. Case-Laws Income Tax Fri, 15 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204889