https://www.taxtmi.com/caselaws?id=35991 The High Court of Bombay ruled that dividend income cannot be considered "earned income" for tax purposes under the Finance Act. The court held that dividend income from share transactions does not result from personal exertion but rather from share ownership and company declarations. The judgment clarified that dividend income falls under the category of income from other sources and does not meet the criteria for earned income relief. The court dismissed the argument that expected dividends in share transactions constitute personal exertion, emphasizing that dividend income is realized only after company declaration. en-us Tue, 31 Mar 1981 00:00:00 +0530 Thu, 18 Mar 2010 17:10:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35991 The High Court of Bombay ruled that dividend income cannot be considered "earned income" for tax purposes under the Finance Act. The court held that dividend income from share transactions does not result from personal exertion but rather from share ownership and company declarations. The judgment clarified that dividend income falls under the category of income from other sources and does not meet the criteria for earned income relief. The court dismissed the argument that expected dividends in share transactions constitute personal exertion, emphasizing that dividend income is realized only after company declaration. Case-Laws Income Tax Tue, 31 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35991