https://www.taxtmi.com/caselaws?id=20945 The High Court ruled in a case involving the assessment of a sum received by the assessee from selling shares to a nationalized bank. The Court held that the entire amount received should be treated as dividend income, the purchase price of shares as business expenditure, and the assessee is entitled to relief under section 80M of the Income-tax Act, 1961. The judgment clarified the treatment of dividend income, business expenditure, and relief eligibility, emphasizing proper categorization of income and expenses in share dealing situations. en-us Tue, 12 Dec 1989 00:00:00 +0530 Wed, 18 Nov 2009 12:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20945 The High Court ruled in a case involving the assessment of a sum received by the assessee from selling shares to a nationalized bank. The Court held that the entire amount received should be treated as dividend income, the purchase price of shares as business expenditure, and the assessee is entitled to relief under section 80M of the Income-tax Act, 1961. The judgment clarified the treatment of dividend income, business expenditure, and relief eligibility, emphasizing proper categorization of income and expenses in share dealing situations. Case-Laws Income Tax Tue, 12 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20945