https://www.taxtmi.com/caselaws?id=36219 The court held that the dividend income received by the assessee on shares held as stock-in-trade did not qualify as earned income under the Finance Act. Despite arising in the course of business, the income was deemed to stem from share ownership rather than personal exertion, falling under "Income from other sources." The revenue's argument that the income accrued effortlessly due to share ownership was upheld, resulting in a judgment against the assessee, who was directed to bear the costs of the reference. en-us Mon, 28 Apr 1980 00:00:00 +0530 Sat, 20 Mar 2010 11:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36219 The court held that the dividend income received by the assessee on shares held as stock-in-trade did not qualify as earned income under the Finance Act. Despite arising in the course of business, the income was deemed to stem from share ownership rather than personal exertion, falling under "Income from other sources." The revenue's argument that the income accrued effortlessly due to share ownership was upheld, resulting in a judgment against the assessee, who was directed to bear the costs of the reference. Case-Laws Income Tax Mon, 28 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36219