https://www.taxtmi.com/caselaws?id=9541 The court upheld the decision allowing unabsorbed brought forward losses to be set-off against dividend income considered as business income. It also confirmed that dividend income from shares held as stock-in-trade could be set-off against business losses from earlier years, rejecting the argument that such income should be classified as income from other sources. The judgment relied on precedents establishing that dividend income related to business activities could be considered business income for set-off purposes, ultimately dismissing the Revenue's appeal. en-us Thu, 12 May 2005 00:00:00 +0530 Sat, 27 Jun 2009 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9541 The court upheld the decision allowing unabsorbed brought forward losses to be set-off against dividend income considered as business income. It also confirmed that dividend income from shares held as stock-in-trade could be set-off against business losses from earlier years, rejecting the argument that such income should be classified as income from other sources. The judgment relied on precedents establishing that dividend income related to business activities could be considered business income for set-off purposes, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Thu, 12 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9541