https://www.taxtmi.com/caselaws?id=59352 The Tribunal allowed the assessee's appeal, holding that dividend income should be excluded from the computation of total income under section 10(33) of the Income-tax Act, 1961, and should not be adjusted against the business loss. The Tribunal emphasized that income exempt under section 10 should be excluded before computing total income, and the burden of proof was on the revenue to show that the cost of dividend was included in the sale price of shares. The orders of the lower authorities were set aside, and the addition sustained by the CIT(A) was deleted. en-us Wed, 12 Jul 2006 00:00:00 +0530 Wed, 12 Jun 2013 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59352 The Tribunal allowed the assessee's appeal, holding that dividend income should be excluded from the computation of total income under section 10(33) of the Income-tax Act, 1961, and should not be adjusted against the business loss. The Tribunal emphasized that income exempt under section 10 should be excluded before computing total income, and the burden of proof was on the revenue to show that the cost of dividend was included in the sale price of shares. The orders of the lower authorities were set aside, and the addition sustained by the CIT(A) was deleted. Case-Laws Income Tax Wed, 12 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59352