https://www.taxtmi.com/caselaws?id=800902 Dividend exemption under the Income-tax Act applies to dividend actually received during the relevant assessment year. Corporate resolutions and financial statements may establish the dividend rate approved for the preceding financial year and its receipt in the relevant year. A proposed dividend for a succeeding financial year cannot replace the dividend actually received when determining the exemption. The full dividend receipt was therefore treated as exempt, and the related disallowance was deleted. en-us Thu, 08 Oct 2026 00:00:00 +0530 Tue, 13 Oct 2026 07:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800902 Dividend exemption under the Income-tax Act applies to dividend actually received during the relevant assessment year. Corporate resolutions and financial statements may establish the dividend rate approved for the preceding financial year and its receipt in the relevant year. A proposed dividend for a succeeding financial year cannot replace the dividend actually received when determining the exemption. The full dividend receipt was therefore treated as exempt, and the related disallowance was deleted. Case-Laws Income Tax Thu, 08 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800902