https://www.taxtmi.com/caselaws?id=55287 The Tribunal upheld the decision to include dividend income in the assessment year 1977-78, ruling that the right to receive dividend income accrues upon declaration, not upon payment within the 42-day period stipulated by the Companies Act. The Tribunal emphasized that provisions of the Income-tax Act govern the inclusion of dividend income in the total income for the relevant assessment year, dismissing arguments relying on sections 205A and 207 of the Companies Act. The appeal challenging the Commissioner's decision was dismissed based on Supreme Court precedents supporting the inclusion of dividend income upon declaration. en-us Fri, 13 Nov 1981 00:00:00 +0530 Thu, 25 Nov 2010 11:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55287 The Tribunal upheld the decision to include dividend income in the assessment year 1977-78, ruling that the right to receive dividend income accrues upon declaration, not upon payment within the 42-day period stipulated by the Companies Act. The Tribunal emphasized that provisions of the Income-tax Act govern the inclusion of dividend income in the total income for the relevant assessment year, dismissing arguments relying on sections 205A and 207 of the Companies Act. The appeal challenging the Commissioner's decision was dismissed based on Supreme Court precedents supporting the inclusion of dividend income upon declaration. Case-Laws Income Tax Fri, 13 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55287