https://www.taxtmi.com/caselaws?id=251147 The High Court held that dividend income from shares held as stock-in-trade is assessable under "Income from other sources," not as business income. The Court emphasized that dividends are chargeable under this head, regardless of the shares' trading nature. It reasoned that the appellant's primary activity is share trading, making dividends incidental. The Court upheld the Tribunal's decision, dismissing the appeal and affirming the Income Tax Department's position on the classification and chargeability of dividend income under the Income Tax Act. en-us Wed, 03 Sep 2014 00:00:00 +0530 Fri, 05 Sep 2014 08:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251147 The High Court held that dividend income from shares held as stock-in-trade is assessable under "Income from other sources," not as business income. The Court emphasized that dividends are chargeable under this head, regardless of the shares' trading nature. It reasoned that the appellant's primary activity is share trading, making dividends incidental. The Court upheld the Tribunal's decision, dismissing the appeal and affirming the Income Tax Department's position on the classification and chargeability of dividend income under the Income Tax Act. Case-Laws Income Tax Wed, 03 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251147