https://www.taxtmi.com/caselaws?id=783501 ITAT Delhi allowed the assessee-trust's appeal and deleted the addition made on account of dividend income. It held that the amendment to section 10(34) read with section 115BBDA, introduced by Finance Act 2016, applies only to specified assessees, namely individual, HUF and firm, and not to trusts. Consequently, the dividend income received by the assessee-trust for the relevant assessment year could not be taxed under section 115BBDA, and the proviso to section 10(34) was inapplicable. The CIT(A)'s order treating the dividend as taxable was set aside. en-us Fri, 12 Dec 2025 00:00:00 +0530 Wed, 17 Dec 2025 08:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783501 ITAT Delhi allowed the assessee-trust's appeal and deleted the addition made on account of dividend income. It held that the amendment to section 10(34) read with section 115BBDA, introduced by Finance Act 2016, applies only to specified assessees, namely individual, HUF and firm, and not to trusts. Consequently, the dividend income received by the assessee-trust for the relevant assessment year could not be taxed under section 115BBDA, and the proviso to section 10(34) was inapplicable. The CIT(A)'s order treating the dividend as taxable was set aside. Case-Laws Income Tax Fri, 12 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783501