https://www.taxtmi.com/caselaws?id=784380 Dividend income was taxed under s.115BBDA on the premise that it was dividend from domestic companies, restricting exemption to ?10 lakh. The Tribunal held that the assessee's receipts were dividends from mutual funds, properly falling under s.10(35), and that return-form constraints could not justify invoking s.115BBDA. On the legal interplay of ss.10(35) and 115BBDA, supported by prior ITAT precedent, the mutual fund dividend did not form part of total income and was exempt in full; the related addition was deleted. On disallowance of capital loss, the Tribunal upheld the CIT(A)'s direction to the AO to verify supporting documents and allow the claim if correct; the ground was allowed for statistical purposes. en-us Wed, 31 Dec 2025 00:00:00 +0530 Sat, 03 Jan 2026 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784380 Dividend income was taxed under s.115BBDA on the premise that it was dividend from domestic companies, restricting exemption to ?10 lakh. The Tribunal held that the assessee's receipts were dividends from mutual funds, properly falling under s.10(35), and that return-form constraints could not justify invoking s.115BBDA. On the legal interplay of ss.10(35) and 115BBDA, supported by prior ITAT precedent, the mutual fund dividend did not form part of total income and was exempt in full; the related addition was deleted. On disallowance of capital loss, the Tribunal upheld the CIT(A)'s direction to the AO to verify supporting documents and allow the claim if correct; the ground was allowed for statistical purposes. Case-Laws Income Tax Wed, 31 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784380