https://www.taxtmi.com/caselaws?id=14016 The Tribunal classified income from units as business income, considering the transaction nature and intention to resell for profit. Expenditure on stamp paper was deemed capital as it was necessary for registration, essential for receiving dividends. The court ruled in favor of treating dividend income as business income but denied allowance for preserving title expenditure and deduction for stamp paper under the Income-tax Act. The judgment emphasized legal precedents and Act provisions in its reasoning. en-us Thu, 05 Oct 2000 00:00:00 +0530 Tue, 07 Jul 2009 16:00:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14016 The Tribunal classified income from units as business income, considering the transaction nature and intention to resell for profit. Expenditure on stamp paper was deemed capital as it was necessary for registration, essential for receiving dividends. The court ruled in favor of treating dividend income as business income but denied allowance for preserving title expenditure and deduction for stamp paper under the Income-tax Act. The judgment emphasized legal precedents and Act provisions in its reasoning. Case-Laws Income Tax Thu, 05 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14016