https://www.taxtmi.com/caselaws?id=183289 Dividend income arising from shares held as stock-in-trade remained attributable to the assessee's business for purposes of carry-forward and set-off. The classification of that dividend under the residuary head of "income from other sources" did not, by itself, alter its source character where it arose from trading assets. Accordingly, the income was available for set-off against carried-forward business loss under the business-loss set-off scheme, and the reference was answered in favour of the assessee. en-us Wed, 28 Apr 1965 00:00:00 +0530 Fri, 03 Jun 2016 18:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183289 Dividend income arising from shares held as stock-in-trade remained attributable to the assessee's business for purposes of carry-forward and set-off. The classification of that dividend under the residuary head of "income from other sources" did not, by itself, alter its source character where it arose from trading assets. Accordingly, the income was available for set-off against carried-forward business loss under the business-loss set-off scheme, and the reference was answered in favour of the assessee. Case-Laws Income Tax Wed, 28 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183289