https://www.taxtmi.com/caselaws?id=14932 The High Court of Allahabad ruled in favor of the assessee, holding that the sum of dividend and tax deducted at source should be excluded from the assessee's total income for the assessment year 1971-72. The court emphasized that the assessee's right to receive dividends was legally suspended due to a restraint order, preventing the accrual of the dividend during the relevant period. The court distinguished the case from cited precedents and concluded that since the dividend could not be paid to the assessee or recovered during the restraint order, it should not be considered part of the assessee's income for that year. en-us Sat, 09 Oct 1999 00:00:00 +0530 Mon, 27 Jul 2009 11:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14932 The High Court of Allahabad ruled in favor of the assessee, holding that the sum of dividend and tax deducted at source should be excluded from the assessee's total income for the assessment year 1971-72. The court emphasized that the assessee's right to receive dividends was legally suspended due to a restraint order, preventing the accrual of the dividend during the relevant period. The court distinguished the case from cited precedents and concluded that since the dividend could not be paid to the assessee or recovered during the restraint order, it should not be considered part of the assessee's income for that year. Case-Laws Income Tax Sat, 09 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14932