https://www.taxtmi.com/caselaws?id=166278 A deferred moiety of dividend was not treated as paid under section 16(2) of the Indian Income-tax Act, 1922 because the company's liability to pay it was contingent on future remittances becoming available, so it was not includible in total income for that previous year. The Pakistan portion of the dividend was treated as part of the assessee's total income for the year, and relief under the Indo-Pakistan Agreement was allowed in respect of that portion, following the earlier governing decision. The governing principle is that a dividend is taxed as paid only when the shareholder's right to receive it has accrued unconditionally. en-us Mon, 17 Mar 1958 00:00:00 +0530 Fri, 12 Sep 2014 12:49:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166278 A deferred moiety of dividend was not treated as paid under section 16(2) of the Indian Income-tax Act, 1922 because the company's liability to pay it was contingent on future remittances becoming available, so it was not includible in total income for that previous year. The Pakistan portion of the dividend was treated as part of the assessee's total income for the year, and relief under the Indo-Pakistan Agreement was allowed in respect of that portion, following the earlier governing decision. The governing principle is that a dividend is taxed as paid only when the shareholder's right to receive it has accrued unconditionally. Case-Laws Income Tax Mon, 17 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166278