https://www.taxtmi.com/article/detailed?id=7651 The article examines challenges to the application of Section 115O to dividends declared by tea companies whose income is computed as composite agricultural and business income. It contrasts the argument that only the business-income portion should attract the levy with the unraised contention that dividends are expenditures, not company income taxable under the Income tax Act. The author also stresses procedural omissions: failure to inform subsequent courts of an earlier SLP dismissal on identical issues and other case history or registry anomalies that could affect judicial assessment. en-us Thu, 05 Oct 2017 09:23:26 +0530 Thu, 05 Oct 2017 09:23:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7651 The article examines challenges to the application of Section 115O to dividends declared by tea companies whose income is computed as composite agricultural and business income. It contrasts the argument that only the business-income portion should attract the levy with the unraised contention that dividends are expenditures, not company income taxable under the Income tax Act. The author also stresses procedural omissions: failure to inform subsequent courts of an earlier SLP dismissal on identical issues and other case history or registry anomalies that could affect judicial assessment. Articles Income Tax Thu, 05 Oct 2017 09:23:26 +0530 https://www.taxtmi.com/article/detailed?id=7651