https://www.taxtmi.com/caselaws?id=16399 Guarantee commission and related miscellaneous income were treated as business income because an earlier decision in the assessee's own case had already classified them under that head, and the connected expenses were therefore allowable under the applicable deduction provision. Dividend income received from abroad was required to be taxed on the gross amount rather than only on the net amount after foreign tax deduction, as the cited precedent rejected the contrary view. The reference was thus answered partly against the Revenue on the business-income issue and in favour of the Revenue on the dividend-income issue. en-us Wed, 26 Mar 1997 00:00:00 +0530 Mon, 07 Sep 2009 15:15:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16399 Guarantee commission and related miscellaneous income were treated as business income because an earlier decision in the assessee's own case had already classified them under that head, and the connected expenses were therefore allowable under the applicable deduction provision. Dividend income received from abroad was required to be taxed on the gross amount rather than only on the net amount after foreign tax deduction, as the cited precedent rejected the contrary view. The reference was thus answered partly against the Revenue on the business-income issue and in favour of the Revenue on the dividend-income issue. Case-Laws Income Tax Wed, 26 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16399