https://www.taxtmi.com/caselaws?id=39028 An investment company's mere realisation or variation of share investments did not, on the facts found, convert the resulting surplus into business income; the surplus was therefore capital in nature and not assessable as business profit. Relief under section 49B was held to extend to the full dividend attributable to agricultural income-tax assessed profits, because the statutory base was the dividend so attributable and not a reduced amount after apportioning expenditure. Both questions were answered in favour of the assessee. en-us Thu, 11 May 1978 00:00:00 +0530 Mon, 12 Apr 2010 10:59:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39028 An investment company's mere realisation or variation of share investments did not, on the facts found, convert the resulting surplus into business income; the surplus was therefore capital in nature and not assessable as business profit. Relief under section 49B was held to extend to the full dividend attributable to agricultural income-tax assessed profits, because the statutory base was the dividend so attributable and not a reduced amount after apportioning expenditure. Both questions were answered in favour of the assessee. Case-Laws Income Tax Thu, 11 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39028