https://www.taxtmi.com/caselaws?id=215742 The High Court upheld the Tribunal's decision, ruling that dividend income from shares held as stock-in-trade by an investment company constituted business income eligible for setting off against carried forward business losses. The Court emphasized the company's regular business activities in shares and debentures, distinguishing the case from precedents cited by the Revenue. The judgment affirmed that the dividend income was directly linked to the business and not merely from investments, supporting the assessee's claim for setting off business losses. en-us Fri, 03 Aug 2012 00:00:00 +0530 Thu, 16 Aug 2012 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215742 The High Court upheld the Tribunal's decision, ruling that dividend income from shares held as stock-in-trade by an investment company constituted business income eligible for setting off against carried forward business losses. The Court emphasized the company's regular business activities in shares and debentures, distinguishing the case from precedents cited by the Revenue. The judgment affirmed that the dividend income was directly linked to the business and not merely from investments, supporting the assessee's claim for setting off business losses. Case-Laws Income Tax Fri, 03 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215742