https://www.taxtmi.com/caselaws?id=283675 The ITAT dismissed the Revenue's appeal and affirmed the CIT(A) order allowing the assessee's claim of exemption under section 10(34) for dividend income received during the year. The ITAT held that the exemption under section 10 cannot be taxed under sections 11 to 13 of the Act, in line with various judgments cited, including those of the Hon. ITAT Mumbai and Hon. Bombay High Court supporting the exemption under section 10 irrespective of the allowance of deduction under section 11. en-us Tue, 16 May 2017 00:00:00 +0530 Sun, 06 Oct 2019 11:16:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283675 The ITAT dismissed the Revenue's appeal and affirmed the CIT(A) order allowing the assessee's claim of exemption under section 10(34) for dividend income received during the year. The ITAT held that the exemption under section 10 cannot be taxed under sections 11 to 13 of the Act, in line with various judgments cited, including those of the Hon. ITAT Mumbai and Hon. Bombay High Court supporting the exemption under section 10 irrespective of the allowance of deduction under section 11. Case-Laws Income Tax Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283675