https://www.taxtmi.com/caselaws?id=15312 Gross dividend declared by Ceylon companies was held taxable on the full amount, the issue having been treated as settled by an earlier binding decision and the reference answered consistently with that precedent. The allowance received by the assessee was treated as a daily allowance, but exemption under section 10(14) was denied because, as an ordinarily resident director working at the Bombay office, the assessee did not satisfy the statutory conditions under the Explanation. Both questions were answered against the assessee and in favour of the Revenue. en-us Wed, 24 Feb 1999 00:00:00 +0530 Tue, 04 Aug 2009 16:49:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15312 Gross dividend declared by Ceylon companies was held taxable on the full amount, the issue having been treated as settled by an earlier binding decision and the reference answered consistently with that precedent. The allowance received by the assessee was treated as a daily allowance, but exemption under section 10(14) was denied because, as an ordinarily resident director working at the Bombay office, the assessee did not satisfy the statutory conditions under the Explanation. Both questions were answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Wed, 24 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15312