https://www.taxtmi.com/caselaws?id=188908 An inclusive statutory definition of dividend was applied to determine taxability from the shareholder's perspective: the character of the receipt in the hands of the shareholder, not the source or character of the company's profits, controlled the assessment. Amounts remitted from a foreign company and described as dividends were treated as revenue receipts in the shareholder's hands, even if the distributing company's underlying profits were capital in nature. The foreign status of the company did not exclude the receipt from income-tax treatment. On that basis, the sums were held assessable as dividend income under the Indian Income-tax Act against the assessee. en-us Wed, 01 Aug 1962 00:00:00 +0530 Tue, 20 Dec 2016 16:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188908 An inclusive statutory definition of dividend was applied to determine taxability from the shareholder's perspective: the character of the receipt in the hands of the shareholder, not the source or character of the company's profits, controlled the assessment. Amounts remitted from a foreign company and described as dividends were treated as revenue receipts in the shareholder's hands, even if the distributing company's underlying profits were capital in nature. The foreign status of the company did not exclude the receipt from income-tax treatment. On that basis, the sums were held assessable as dividend income under the Indian Income-tax Act against the assessee. Case-Laws Income Tax Wed, 01 Aug 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188908