https://www.taxtmi.com/caselaws?id=18773 The Tribunal considered whether tax deducted at source outside India from foreign dividends and interest income should be included in the total income assessable under the Income-tax Act, 1961. The High Court aligned with the views of the Kerala, Calcutta, and Bombay High Courts, emphasizing that only income actually received in India should be treated as total income, not the gross income including foreign tax deductions. The Court ruled in favor of the assessee, holding that income received in India alone should be considered as actual income, rejecting the Revenue's argument to include income accrued abroad in the total income. en-us Thu, 14 Dec 1995 00:00:00 +0530 Mon, 02 Nov 2009 10:10:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18773 The Tribunal considered whether tax deducted at source outside India from foreign dividends and interest income should be included in the total income assessable under the Income-tax Act, 1961. The High Court aligned with the views of the Kerala, Calcutta, and Bombay High Courts, emphasizing that only income actually received in India should be treated as total income, not the gross income including foreign tax deductions. The Court ruled in favor of the assessee, holding that income received in India alone should be considered as actual income, rejecting the Revenue's argument to include income accrued abroad in the total income. Case-Laws Income Tax Thu, 14 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18773