https://www.taxtmi.com/caselaws?id=276643 The High Court held that there was insufficient evidence to support the Tribunal's conclusion that the income received by Mrs. C.M. Kothari and Mrs. D.C. Kothari arose indirectly from assets transferred by their husbands. Additionally, the Court determined that the dividend income in question did not qualify as agricultural income and was therefore not exempt. The Court ruled in favor of the assessees on the first issue and against them on the second issue, directing each party to bear their own costs. en-us Tue, 25 Mar 1958 00:00:00 +0530 Fri, 16 Nov 2018 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276643 The High Court held that there was insufficient evidence to support the Tribunal's conclusion that the income received by Mrs. C.M. Kothari and Mrs. D.C. Kothari arose indirectly from assets transferred by their husbands. Additionally, the Court determined that the dividend income in question did not qualify as agricultural income and was therefore not exempt. The Court ruled in favor of the assessees on the first issue and against them on the second issue, directing each party to bear their own costs. Case-Laws Income Tax Tue, 25 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276643