https://www.taxtmi.com/caselaws?id=36086 The court held that the dividend income received by the assessee, a partner in a firm engaged in share trading, was not classified as earned income under Section 2(7)(iii)(c) of the Finance (No. 2) Act, 1962. Despite the business activities, the income was deemed to be derived from share ownership rather than personal exertion, thus not meeting the criteria for earned income classification. The court ruled against the assessee, holding them liable for costs and determining the dividend income as assessable under the head of "Other sources." en-us Mon, 28 Apr 1980 00:00:00 +0530 Fri, 19 Mar 2010 12:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36086 The court held that the dividend income received by the assessee, a partner in a firm engaged in share trading, was not classified as earned income under Section 2(7)(iii)(c) of the Finance (No. 2) Act, 1962. Despite the business activities, the income was deemed to be derived from share ownership rather than personal exertion, thus not meeting the criteria for earned income classification. The court ruled against the assessee, holding them liable for costs and determining the dividend income as assessable under the head of "Other sources." Case-Laws Income Tax Mon, 28 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36086