https://www.taxtmi.com/caselaws?id=58637 The appeal by the department was allowed in a case concerning the inclusion of gross dividend, rather than net dividend, in the total income of the assessee from a foreign company for the assessment year 1983-84. The court emphasized the interpretation of section 5(1)(c) of the Income-tax Act, highlighting the change brought by the English Finance Act, 1965, which mandated the consideration of gross dividend income. The decision favored the Revenue, stating that the total income should encompass the gross amount received by a resident from a foreign company. en-us Wed, 29 Apr 1992 00:00:00 +0530 Sun, 06 Feb 2011 02:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58637 The appeal by the department was allowed in a case concerning the inclusion of gross dividend, rather than net dividend, in the total income of the assessee from a foreign company for the assessment year 1983-84. The court emphasized the interpretation of section 5(1)(c) of the Income-tax Act, highlighting the change brought by the English Finance Act, 1965, which mandated the consideration of gross dividend income. The decision favored the Revenue, stating that the total income should encompass the gross amount received by a resident from a foreign company. Case-Laws Income Tax Wed, 29 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58637