https://www.taxtmi.com/caselaws?id=59477 The Tribunal allowed one appeal for the assessment year 1995-96 and partly allowed the other two appeals. It determined that the Explanation to s. 73 of the IT Act, 1961 is applicable unless the gross total income is mainly from specified sources or the principal business is banking or granting loans. Dividend income from shares held as stock-in-trade should be taxed under "income from business," and setting off brought forward losses was remanded for further examination by the Assessing Officer. en-us Wed, 28 Jan 2004 00:00:00 +0530 Thu, 30 Dec 2010 10:10:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59477 The Tribunal allowed one appeal for the assessment year 1995-96 and partly allowed the other two appeals. It determined that the Explanation to s. 73 of the IT Act, 1961 is applicable unless the gross total income is mainly from specified sources or the principal business is banking or granting loans. Dividend income from shares held as stock-in-trade should be taxed under "income from business," and setting off brought forward losses was remanded for further examination by the Assessing Officer. Case-Laws Income Tax Wed, 28 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59477