https://www.taxtmi.com/caselaws?id=276352 The court held that the interest on securities issued by the erstwhile Indian States of Travancore and Cochin is assessable under section 12 of the Income-tax Act, 1922. However, the dividend of Rs. 23,000 from shares in Vibhuti Glass Works Ltd. was not deemed liable for inclusion in the total income for the assessment year 1951-52. The ruling favored the department on the first issue and the assessee on the second issue. Each party was directed to bear their own costs, with the department's counsel fee set at Rs. 200. en-us Mon, 21 Sep 1964 00:00:00 +0530 Thu, 08 Nov 2018 10:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276352 The court held that the interest on securities issued by the erstwhile Indian States of Travancore and Cochin is assessable under section 12 of the Income-tax Act, 1922. However, the dividend of Rs. 23,000 from shares in Vibhuti Glass Works Ltd. was not deemed liable for inclusion in the total income for the assessment year 1951-52. The ruling favored the department on the first issue and the assessee on the second issue. Each party was directed to bear their own costs, with the department's counsel fee set at Rs. 200. Case-Laws Income Tax Mon, 21 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276352