https://www.taxtmi.com/caselaws?id=49278 The Supreme Court upheld the High Court's decision that the dividend income of the assessee, an investment company, should be assessed under section 12 and not section 10 of the Indian Income-tax Act, 1922. Therefore, the losses from preceding years could not be set off against the dividend income. The appeal was dismissed with costs. en-us Tue, 02 Nov 1965 00:00:00 +0530 Tue, 19 Aug 2014 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49278 The Supreme Court upheld the High Court's decision that the dividend income of the assessee, an investment company, should be assessed under section 12 and not section 10 of the Indian Income-tax Act, 1922. Therefore, the losses from preceding years could not be set off against the dividend income. The appeal was dismissed with costs. Case-Laws Income Tax Tue, 02 Nov 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49278