https://www.taxtmi.com/caselaws?id=6343 Dividend traced to a company's accumulated capital gains was not taxable in the assessee's hands, as the question referred under section 66(1) of the Indian Income-tax Act, 1922 was treated as covered by the binding decision in Commissioner of Income-tax v. Nalin Behari Lall Singha. On that footing, the inclusion of Rs. 2,344 as dividend in the assessee's total income for assessment year 1949-50 was held unjustified, and the answer went against the Revenue. en-us Fri, 24 Sep 1971 00:00:00 +0530 Thu, 04 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6343 Dividend traced to a company's accumulated capital gains was not taxable in the assessee's hands, as the question referred under section 66(1) of the Indian Income-tax Act, 1922 was treated as covered by the binding decision in Commissioner of Income-tax v. Nalin Behari Lall Singha. On that footing, the inclusion of Rs. 2,344 as dividend in the assessee's total income for assessment year 1949-50 was held unjustified, and the answer went against the Revenue. Case-Laws Income Tax Fri, 24 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6343