https://www.taxtmi.com/caselaws?id=49462 The Supreme Court allowed the appeal, setting aside the High Court's judgment and remanding the case for further consideration of subsidiary contentions. The Court held that the dividend income received from Binod Mills was rightly included in taxable profits under the War Profits Tax Ordinance due to the significant connection between the respondent's investment and business activities. The appellant was awarded costs for the appeal, with costs in the High Court to be determined later. en-us Wed, 20 Dec 1961 00:00:00 +0530 Thu, 28 Aug 2014 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49462 The Supreme Court allowed the appeal, setting aside the High Court's judgment and remanding the case for further consideration of subsidiary contentions. The Court held that the dividend income received from Binod Mills was rightly included in taxable profits under the War Profits Tax Ordinance due to the significant connection between the respondent's investment and business activities. The appellant was awarded costs for the appeal, with costs in the High Court to be determined later. Case-Laws Income Tax Wed, 20 Dec 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49462