https://www.taxtmi.com/caselaws?id=19984 The High Court held that the assessee was entitled to exemption on dividend income from shares received as donation or bonus under section 13(2)(h) of the Income-tax Act, 1961. However, dividend income from shares purchased would be taxable under the same provision. The court's decision provided clarity on the application of section 13(2)(h) to various types of share transactions, offering interpretations on the exemption criteria outlined in the Act. en-us Thu, 16 Sep 1993 00:00:00 +0530 Wed, 11 Nov 2009 10:22:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19984 The High Court held that the assessee was entitled to exemption on dividend income from shares received as donation or bonus under section 13(2)(h) of the Income-tax Act, 1961. However, dividend income from shares purchased would be taxable under the same provision. The court's decision provided clarity on the application of section 13(2)(h) to various types of share transactions, offering interpretations on the exemption criteria outlined in the Act. Case-Laws Income Tax Thu, 16 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19984