https://www.taxtmi.com/caselaws?id=786899 Dividend income exempt under section 10, including dividends under specified mutual funds and companies, is not includible in total income, and provisions applicable only to dividends chargeable to tax cannot be invoked; accordingly, section 115BBDA does not apply to exempt dividends and must not be applied in the tax computation. The computation sheet must be corrected by excluding the exempt dividend amount from taxable income, resulting in adjusted profits and gains of business as reflected in the corrected computation; the appeal is allowed on this ground in favour of the taxpayer. en-us Thu, 19 Feb 2026 00:00:00 +0530 Sat, 21 Feb 2026 09:29:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786899 Dividend income exempt under section 10, including dividends under specified mutual funds and companies, is not includible in total income, and provisions applicable only to dividends chargeable to tax cannot be invoked; accordingly, section 115BBDA does not apply to exempt dividends and must not be applied in the tax computation. The computation sheet must be corrected by excluding the exempt dividend amount from taxable income, resulting in adjusted profits and gains of business as reflected in the corrected computation; the appeal is allowed on this ground in favour of the taxpayer. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786899